The bimbos and clowns on CNBC and shills and shysters like Barry Ritholtz have been breathlessly gushing about the new record highs in the stock market. They count on the fact the masses aren’t mathematically capable of understanding inflation. It seems the market is still well below the real level of 2007 and 25% below the real level of 2000. Perspective and truth paint a different picture than the one being portrayed in the media today.
A critical thinking skeptic might ask how could the economy be in the midst of a four year recovery, stock market be reaching all-time highs, and corporate profits be 70% above their long-term mean if real salaries and wages per capita are 8% below the 2007 high and still below levels in 1998.
If the economy is dependent upon consumers for 71% of its growth, how can it be growing if real wages and salaries are lower than they were 15 years ago?
The answer is simple. It isn’t growing. The economic information reported by government drones is fraudulent. The stock market ramp is fraudulent.
The truth will set you free and the consequences when the masses realize they’ve been screwed will be ugly.