AGREED!!!!!!!!!!
Authored by Sven Henrich via NorthmanTrader.com,
Rarely has failure been celebrated so much. But it is of little wonder, after all as all asset classes rose in 2019 in spite of slowing growth and flat to declining earnings. In religious debates the question is often asked: Why is there something instead of nothing? In financial markets the corollary question may be easier to answer: Why are markets higher on nothing? The answer of course being primarily: Central bank liquidity.
We’ve discussed the unholy alliance and central bankers being trapped at length, but there is a much more sinister truth lurking beneath, one of system failure suggesting things are not anywhere near as rosy as they may appear.
Indeed, the evidence increasingly suggests the Fed, desperate to fix a leak in the hull, is lightening the whole ship on fire in the process by blowing a historic asset bubble setting markets up to fail and on course for a massive reversion.
Sven Henrich
✔
@NorthmanTrader
The aggregate US market closed at $32 trillion market cap for the first time ever or approximately 149% market cap/GDP.
Most notable this valuation milestone was reached amid flat to declining earnings growth and slowing economic growth.
LOT MORE,,,,,,,,,,,
http://www.zerohedge.com/markets/rarely-has-failure-been-celebrated-so-much?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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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