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One points continue to soar to new heights.
The last time Dan Shafer of -- asset manager was -- our -- is downright bearish on the market now he's back.
Dan fit into the -- insurer lap dogs -- up nicely as you can see here are you appeared to repent and you -- can't know I am not.
This is a fake rally generated by the easy money policies of the Federal Reserve.
Two trillion dollars put it over the last few years to pump this market up to make everybody feel great.
And I say that we're still going into a deflationary depression where in the early stages.
We saw that in the GDP coming in at first of negative point one where every analyst got it wrong.
Change took up point one -- every analyst got it wrong.
And I still believe their prices are gonna start to collapse people have changed their spending habits.
The stock market is either wrong or the economic numbers are either wrong I believe that the stock markets got this one wrong and it happened.
-- -- -- -- -- -- Heard the high -- -- are made to look and a lot of Brady -- how could have been -- -- all along that this market is utterly disconnected from real economic growth correct yet today's jobs number private employers 246000.
New jobs and a single month.
Is it that.
-- sign of some kind of economic reality underpinning that stock market.
Right if you believe the numbers.
You see they they change the previous month January down by 38000 jobs.
That number can swing 304050000.
Just we don't know the actually believe -- number I doubt that I -- What's that you believe that number -- it's a negative number but I don't even know -- I don't know I don't believe the numbers at all what I believe is the velocity of money is not there I think that it.
Federal Reserve Chairman is absolutely worried.
That this economy is gonna deeply he's trying to inflated.
And he said in testimony a week ago.
I'm concerned I'm gonna keep rates low possibly the 2016.
Debate about unemployment rate that I know everything that he's done is what Japan did if -- -- for -- so and it.
April you and I made a bet the S and because at 14100 -- minutes gonna finish the year lower it is now up over 15100 looks to be headed toward 16100 obvious you miss out on a lot of wealth creation or did you not -- well -- Not on as early -- I'll still alien Etymotic as a result of rising stock prices yes.
If they're not a wealth effect that actually -- -- helping the economy someone you would think it would it and any you think it would have shown up in the GDP and some of the other numbers.
But in all essence the government is slowing down spending the anticipation slowing down.
And the fact that.
Again people are not spending the way they used to some of the earnings coming out from some of the major retailers.
Are not looking very good but overall door and here is that Wall Street expected this thanks -- will report this if the statistics are that 70% of the growth in our -- -- -- consumer.
What does Ben Bernanke think the people that have put their money in the stock market make X amount -- return take that money -- and go spend it.
How much how much should major population is actually in the stock market -- how neither country is in the stock market through mutual funds and retirement accounts and the journal have distorted -- that.
Companies are buying back 300 billion dollars in stock this year isn't that have a private stimulus plan.
I that put cash back and I can show you another report where where insiders are selling the most that they sold in two years it all depends on who you gonna listen to write something is that -- disconnect is a dislocation in all markets being course by the Federal Reserve.
Not just of the United States but every Central Bank in the world Mexico just lower their interest rate -- fifty basis -- the let me just tell if there's that a disconnection.
We really like it for right now Dan -- exactly -- Oliveira and a sign that it's great to see if what -- -- that.
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