gold, page-62768

Why have US stocks gone up? This is a TINA market thanks to the Fed hammering interest rates down like wack-a-mole to protect its bubbleconomy.
Share buybacks using borrowed money have also played a big part.

Business investment down, durable goods orders falling, GDP growth anaemic. That’s the real economy. Numb and Witch Doctor will point to employment figures, the only leg they have to stand on, but let’s remember that labour force participation is at historic lows.

Then we have the US government spending like a drunken sailor, running $1 Trillion dollar deficits with no thought to the future. And the President is pleading for QE and negative interest rates.