Central banks around the world have heavily distorted financial markets. This was true 10 years ago, but it's more blatant than ever right now.

When central banks create trillions of dollars (or yen, euros, etc.) and you wonder where the inflation is, look at financial asset prices.

Edit: I get that unemployment is backward looking and the stock market is forward looking, but the Nasdaq is up for the year. That's not because of fundamentals.

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"Those who need leaders are not qualified to choose them." -Michael Malice

Stock market is soaring while unemployment is at its highest point since WWII

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