Friday, March 18, 2016
Every day I shake my head at the screens...............
Seven years of "the economy is improving, but boy - is it still shitty!" But, but - low gas prices, high stock prices..... everything is awesome but the worse things get, the more central banks ease and the more the market goes up. The problem is, as negative rates have shown, the FED is out of powder despite what they claim. All they will do is more QE, which puts a bigger air pocket between stock prices and the reality of fundamentals like sales and earnings and further expands the wealth divide.
Some days I think there is no market, no economy, only the FED. Armed with an economics degree long ago I thought there was a relationship between supply and demand but welcome to 21st century economics. Where is Roy Grohs to explain this?
If you are the CEO and sales/profits drop, hey, no problem. Call up your local central bank, get an infusion of newly printed money (at 0% interest) and buy up outstanding shares to boost your stock price. What can possibly go wrong?
Native American Advisors CHIPPEWA PARTNERS
- Dean Parisian, Founder & Chairman
- CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173