We have previously on this site drawn attention to the fact that the booming stock market, indeed stock markets around the world, don’t make sense when you look at the depressing underlying economic factors such as company profitability, productivity, employment statistics and commodity prices. Indeed, logically, far from booming these markets should be stagnant if not in chaotic retreat.
Booming stock markets are but one issue where the sums simply do not add up when examined in the crisp cool light of day.
Another is France in so far as it is regarded as a safe haven for investment despite the obvious economic factors which suggest that it is anything but safe!
Furthermore, the age old laws of supply and demand, particularly in terms of price discovery, no longer appear to function as gold is driven down at a time when demand is going through the roof.
How does one “square” these particular circles?
An interesting video by Grant Williams explores these economic “impossibilities” (or perhaps “absurdities” would be more apt) in greater detail here:-