by David Kranzler
Investment Research Dynamics
Except for its western hemisphere lap-dogs and chattel, the U.S. “defense” strategy has been the implementation of a highly “offensive” (in both senses of the word here) policy of military and economic antagonism. What unfolding of events in Syria and Venezuela are just two examples.
As the U.S. Ponzi scheme continues to unravel, the Government’s attempt to control the markets intensifies. The primary stock indices (Dow, S&P 500, Naz), which are currently more overvalued than at any point in U.S. history, seem impervious to any sort of sell-off, no matter how atrocious the economic news. The stock market has been “miraculously” bullet-proof from the most recent Fed official threats to hike interest rates in two weeks.