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Asset Prices Divorced From Economic Reality More Than Ever

By: capt_nemo in POPE 5 | Recommend this post (0)
Tue, 26 Jun 18 7:39 PM | 51 view(s)
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You would never know it listening to the market cheerleaders but asset prices, both real and financial, are, once again, at extreme valuation levels relative to the trend economy. The valuation reality coupled with the prevailing, but false, â€œdonâ€™t worryâ€ market narrative sets us up for another major financial crisis.

http://www.zerohedge.com/news/2018-06-26/asset-prices-divorced-economic-reality-more-ever

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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