Dow 12,000 Happy Pill Another Example of Misdirection

Hyper-inflation, the predictable result of QE, here and all over the Western world, is barreling towards North America. QE is that which is responsible for the 12,000 Dow Happy Pill making people blind to what Egypt really is and Inflation's presence.

Jim

Jim is exactly right. Rising equities provides misdirection while the magician makes an elephant (constant currency equity prices) disappear from a crowded room.

Dow Jones Industrial Average (DJIA):


Dow Jones Industrial Average (DJIA) to Gold Ratio:


Headline: Governments stockpile food staples

Governments across the developing world are stockpiling food staples in an attempt to contain panic buying, inflation and social unrest.

But the hoarding is driving agricultural commodity prices even higher. The cost of wheat, the world’s most important staple, reached a fresh two-and-a-half-year high on Thursday, after countries from Algeria to Saudi Arabia announced extraordinary purchases.

High food prices have been a contributing factor to the recent wave of social unrest across North Africa and the Middle East. In Algeria earlier this month, young rioters chanted “Bring us sugar!” The cost of the sweetener in the wholesale market is at its highest in 30 years.

Source: ft.com

JB Slear
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