Stocks booming thus Rolls Royce, yachts, Swiss watches,…

Obama may claim to speak for the poor, but since he took office the rich have been getting richer and the stock market has been booming while the poor have been getting deflated. Yellen wants to continue stimulus but is under pressure from those who don’t want inflation to trickle down from the rich to the poor. Quantitative Easing probably will phase out this year to close the money spigot before too much money trickles down to the poor. Unfortunately the end of QE will also put a brake on stock prices, bond prices, gold prices, and other commodities that have been bubbly for years now. 2014 2015 looks to be an interesting transition period! If it is a crash landing that will set the stage for a Republican President if the Republicans can find an electable candidate.

The Britain-based manufacturer said Tuesday that global sales in the first half of the year were up 33% compared with the same period in 2013. Growth was strongest in Europe, up over 60%, with Asia Pacific sales up almost 40% A Forbes survey says there are 1,645 billionaires in the world, 219 more than a year ago. Strong sales of mega-yachts, rare jewelry and complicated, handmade Swiss watches. Black Phantom (starting at $600,000)

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