Soaring inflation

The S&P 500 has gained 2.4 percent this week and on Nov. 11 closed at its highest level since October 2008. The index has rallied 62 percent from a 12-year low in March.

It's up half a percent just today, notwithstanding that the trade deficit has blown out beyond expectations and the Michigan Consumer Confidence index swooned against recent month readings, and well below economist prognostications.

Inflation in the stock markets is soaring off the cheap money being printed and passed around to the financial intermediaries.

Sounds like the Greenspan Humpty-Dumpty formula: sit around and wait for another bubble to burst then pick up the pieces and put Mr. Market together again.

Meanwhile, all the King's horses and all the King's men can't get employed again and are losing their shelters.