Tuesday, March 5, 2013

National retirement casino breaks all-time high, as nation suffers worst depression

Ready for DOW JONES 25,000? How about Trillion? You know, I'm no expert - but to me this is only a symptom of inflation - especially in the face of no GDP growth. Good luck cashing those retirement paychecks from your 401k.

Dow Sails Past 2007's All-Time High, Nasdaq Hits Highest Since November 2000
Stocks shot higher Tuesday, with the Dow Jones Industrial Average topping its all-time high, propelled by a better-than-expected ISM non-manufacturing index, upbeat economic data from Europe and as China pledged to meet its growth targets.
Meanwhile, in realville:
* Zero Hedge: The Last Time The Dow Was Here... : "we all know it's going to end badly, but in the meantime we can make some money"
* Former Obama Economic Adviser Destroys His Push for Minimum Wage Hike: "Obama is famously close-minded to views he doesn't already hold, which may explain why Christina Romer is back to teaching economics instead of running his Council of Economic Advisers. "
* AETNA CEO: Prepare for Obamacare Premium "Rate Shock" With 100 Percent Increases Possible Next Year