POG and POO holding position. All the BS buying by the Fed to...

POG and POO holding position. All the BS buying by the Fed to make new highs in the US market is just index buying BS to make a contracting economy seem like it is expanding.
They want your money in the markets so they can take it.
ASX down today where it should be imo it should be below 4000 and the Banks going on the threat from mortgage debt, household debt, falling wages, rising living costs and full time jobs being destroyed for part time, casual jobs.
The whole economy is slowing in Australia regardless of the foreign debt keeping housing prices up in Sydney and Melbourne. The government still has done nothing to stop it. Politicians are some of the biggest property investors. One in three polies have investment property as to one in seven or eight Australians have investment property.

I wonder why nothing is being done to reign in the property prices in Sydney, makes you think.