Economic Freefall Will Push Stocks to New Record Highs.

From Greg M

Economic Freefall Will Push Stocks to New Record Highs.

By Gregory Mannarino TradersChoice.net

Currently every single forward-looking economic indicator is pointing towards dramatically worsening economic conditions moving forward, and this IS good news for the stock market. While it may seem or even sound counter intuitive, in today’s environment the faster the economy craters the higher the stock market will go.

Today there is no correlation whatsoever between the economy and the stock market. As an example, when the economy was shut down during CON-vid, the stock market went higher. Most people sincerely believed that if they shut down the economy the stock market would crash. (I am on record telling my followers to “get long,” meaning buy the stock market during the lockdown as I expected that the stock market to go higher), and higher it did go.

Ever since the stock market crash/financial crisis of 2008, central banks, none more so than the Federal Reserve, have pumped the financial system with trillions and trillions of dollars of easy money. This in turn has inflated the largest and most dangerous financial bubble of all time! A debt market HYPER-Bubble. This mechanism has also in turn inflated the most massive stock market and real estate bubbles ever to be seen in history! Nothing before has even come close. This same mechanism has also set the stage for the worldwide inflationary condition which we currently have today, (and is about to get much worse by design).

The world economy is currently under direct attack by central banks- ALONG WITH THE ENTIRE MIDDLE CLASS AS A WHOLE. Central banks who are collectively working together to dismantle the current system while at the same time pushing wealth straight up to the 1 and 2 percenters.

Central banks via the mainstream media, have successfully sold another SUPER-LIE to the people of the world via the mainstream media outlets- and that lie has been how they are fighting inflation by raising rates. In reality, all central banks are doing/have done, is very successfully cut off the availability of credit to small businesses. And as a result, we are seeing small businesses shutter at their fastest pace since “the financial crisis” or CON-vid.

What is being set up right now by central banks, and this is going to be the theme moving into 2024, is providing MUCH MORE easy money for the stock market by VASTLY INCREASING its purchases of assets and debt. Expect to see bond yields fall and the dollar to weaken. Also expect inflation to go higher as any and every mechanism that you can dream about, and things which you cannot even imagine, are utilized to PULL CASH INTO THE NOW FROM THE FUTURE. Expect to see so called “government spending” to absolutely SKYROCKET in 2024.

All this is highly stock market positive, and it also creates an opportunity for people to acquire suppressed assets like commodities at massively discounted prices.