Dow, S&P, & Bitcoin Soaring while the Real Economy is Imploding !!
Channel: The Nomad Economist
Date: 2020-11-25

Dow, S&P, & Bitcoin Soaring while the Real Economy is Imploding
The Dow, S&P, and Bitcoin Soar To Record Close As Dollar and Gold Sink.
Fizzle, drizzle or sizzle.

The stock market is good only for entertainment purposes these days if your local casino is closed.
The Fake markets are up despite the plan to impose taxes that will cut profits almost in half.

Watch markets BOOM when Harris reduces EPS by 80% by introducing a 90% tax. The DOW will hit 1,000,000 on that day, mark my words. The lower the profits the better in this rigged market!

If they raise rates it will be death sentence to reserve currency as well Global Economy and they know it, they are holding on as long they can, printing hoping will give them time.  Interest rates are not coming back way some people want, is too late for that.

  Damage is done.  And with the pandemic and other aspects, you get a picture. 

   This will also have unprecedented effect on U.S and other nations debt and interest rates on pay down, it will really suffocate last life of a system.  Now if you think about it, that could be another way for new system.   Sometimes you have to destroy to create.  

   They have created a monster, and now monster is hitting back.
The Dow Just Hit 30,000, But Meanwhile The Real Economy Is Having A Meltdown.The K-shaped economic recovery, one where the rich grow richer and the working-poor are crushed with job loss and insurmountable debts, was on full display Tuesday afternoon as the Dow Jones Industrial Average crossed 30,000 for the first time. 
Did you hear the good news?  The Dow Jones Industrial Average hit 30,000 for the first time ever this week.  In the midst of the worst economic downturn since the Great Depression of the 1930s, the stock market has been soaring to heights that we have never seen before.  What we have been witnessing is completely insane, but I suppose that if the entire system is utterly doomed, we might as well go out with a bang.

I have often said that the stock market has become entirely detached from reality, and that statement has never been truer than it is right now.

For the companies listed on the S&P 500, profits are down about 48 percent compared to last year.  But fundamentals do not seem to matter in the giant casino that Wall Street has become.

Instead, the key is to create as much buzz and speculation around your company as possible.  In this type of environment, a mirage known as “Tesla” can be worth more than all of the other major automakers in the entire world combined…

The electric car maker’s shares continued to climb more than 4% on Tuesday, increasing its total market value above $500 billion for the first time. Tesla’s market cap rose to more than $520 billion Tuesday afternoon.

Tesla (TSLA) is now worth more than the combined market value of most of the world’s major automakers: Toyota (TM), Volkswagen (VLKAF), GM (GM), Ford (F), Fiat Chrysler (FCAU) and its merger partner PSA Group (PUGOY).

Anyone that believes that Tesla is actually worth 500 billion dollars is probably clinically insane.

But of course there are hundreds of other big corporations that are wildly overvalued at the moment as well.

Meanwhile, the real economy continues to implode.  According to Fox Business, we are facing “a tidal wave of evictions at the end of the year”…

The U.S. is facing a tidal wave of evictions at the end of the year unless the federal government, in the eleventh hour, extends key pandemic-related protections for millions of renters and homeowners.

More than 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure over the course of the next two months, according to a U.S. Census Bureau survey completed Nov. 9. That represents about one-third of the 17.9 million Americans who were behind on their rent or mortgage payments last month.

For the full transcript go to https://financearmageddon.blogspot.com
👉 Donate to help The Channel:  https://tinyurl.com/vqbgwld
👉 Amazon Affiliate Links : https://tinyurl.com/sqwekhd
 Support the channel by clicking here before you start shopping on Amazon: https://tinyurl.com/sqwekhd (heck, even bookmark it for future use if you're feeling extra generous). 
Thank you to all my loyal fans i love each and everyone one of you Please **like and subscribe**  
👉 Follow us on Facebook : https://www.facebook.com/theatlantisr...

and on twitter : https://twitter.com/atlantis_report
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

https://link.attribute.to/cc/1598884