The world Economy - The US Fed's Meltdown - by Doug McIntosh
Much has been made of the American Stock Markets as "economic indicators." What rubbish! Any resemblance between the American Stock Markets and the actual American Economy are pure delusion. For instance, the fiat Federal "dollar" has been collapsing at a steady rate the last five years. It would be logical the stock markets would be declining since the sacrosanct "corporate profits" they worship are actually going down. Nope. Or perhaps the stock markets would judge the Federal Government as actually bankrupt? Nope. The markets just gleefully crash through the 14,000 barrier based upon the delusion of the moment. Well, the delusions are ending. And the hangover is going to be savage. Risk is coming back into the economic sphere.
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