ask uncle heelers

Dear Uncle Heelers.
Why are share prices rising again?
Confused.


Dear Confused.
Share prices are rising because banks and insurance companies have been given a blank checque to begin behaving again precisely the same way they behaved before the world wide financial collapse which their behaviour precipitated last month.
Banks, insurance companies and stock exchange quoted companies generally, are for the most part still being run by the same people who ran them before the collapse.
The free money furnished by our governments, has allowed them to return to their old habits.
They are the ones artificially propping up the stock exchange by buying huge tranches of shares.
My analysis is that these shares are worthless.
The market for them only exists because banks with a vested interest in pretending the stock exchange is worth investing in, have been given our money to make those investments.
Oil prices are rising again too.
Oil prices are rising because two of the banks who have been bailed out with our money are in fact the main players speculating on oil.
They are once more up to their old tricks creating oil price rises through their speculations.
My analysis is that the integrity of shares as a unit of value has been completely shattered. The integrity of shares has been shattered by board members of stock exchange quoted companies who award themselves free shares and free money for doing no work.
I would counsel people to stay away from the stock exchange and to find an alternative to banks and insurance companies.
I would counsel governments to cater to ordinary citizens and small businessmen, and to find an alterative to the corrupt corporations of yesteryear.
All those corporations are going to disappear.
We shouldn't allow them to take the western world with them.
James