Monday again – will the stock market continue last week’s plunge? Two items of interest:
The stock market has, over the last few years, been somewhat unaccountably robust. Why? Interest rates, in part; there is nowhere else to put your savings to get any kind of return, since the Fed has kept interest rates in the basement – artificially, I might add, and probably counter to market forces.
The crash of 1929 and the Great Depression were caused by government interference in the economy, beginning with the Smoot-Hawley Act. The crash of 2008 was caused by the Imperial Federal government’s interfering in housing markets.
The next great crash will also be caused by Imperial interference. You probably didn’t read it here first (if you’ve ever read any of Thomas Sowell’s books on economics, you most assuredly didn’t read it here first) but just watch.
It’s going to be roundly interesting to see what the markets do today.