Can't believe I have once again compiled yet another long list of goofy fiscal cliff cartoon clips! You can thank our inept and increasingly idiotic politicians for this fabulously funny ongoing farce.
FWIW, I remain convinced that they will indeed formulate a Faux Fiscal Fix at the twelfth hour. Mostly frothy foam, no Starbucks grande fiscal frappe for you. The dumbed down deal will include; nominal tax increases on those making over $400-500K, supposed spending cuts promised/differed until after the new congress is in session, and a loose framework for entitlement reforms stretched out over half a century into the future.
The Fantasy Fix is in, and the market will act accordingly. Prepare yourselves for yet another manufactured rip to new highs. The captured capital markets con presses on regardless, until the real economic destruction on the ground is so undeniable that they can no longer perpetuate the con.
TPTB will only be forced to let go of this manipulated stock exchange, when economic conditions actually deteriorate to such an extent, where they can no longer continue to brazenly deceive the trusting masses who blindly accept the illusion that all is fine. I'm afraid that is not yet the case, still way too many believers in American exceptionalism smoking the Hawaiian pakalolo.
SPX 1500 here we come……………………….the crack up boom has further to run.
BDI SOH's Idiot Savant
