World’s central bankers at Davos warn cheap money’s blowing a new asset bubble. Dr. Doom, Marc Faber, “loves the high odds of a ‘big-time’ market crash.” Another, Nouriel Roubini, says “prepare for a perfect storm,” while Bond King Bill Gross sees a “credit supernova” dead ahead.
Yes, the Dow and S&P500 hit new highs. But the rally’s hiding huge risks: “GDP turns negative as U.S. economic recovery stalls,” screams one headline. Another hears a “Ticking Time Bomb.”
World’s central bankers at Davos warn cheap money’s blowing a new asset bubble. Dr. Doom, Marc Faber, “loves the high odds of a ‘big-time’ market crash.” Another, Nouriel Roubini, says “prepare for a perfect storm,” while Bond King Bill Gross sees a “credit supernova” dead ahead.
Rally? Bubble? Crash? Global? Is the economy “peaking?” Are we on a long, slow-growth downhill slide to a 1% GDP? Is our banking system infested with a soul-sickness virus? Is Adam Smith’s capitalist ideal turning against our markets and economy, accelerating the odds of more brutal competitive wars over an ever-shrinking, low-margin profits pool?
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Dowd echoes Godin and Bogle. Dowd saw capitalism run amuck: For them “there’s always room for a bigger house, bigger boat. If not, you’re falling behind. It’s an addiction. And Washington’s done little to quell it.” And in a clear dig at Goldman’s boss: “And as far as doing God’s work: The bankers who took taxpayer money, pocketing obscene bonuses: They’re the same greedy types Jesus threw out of the temple.”
In all 10 areas, ask yourself: Has Wall Street improved since the 2008 crash? Or has it torn our great nation down further, made America worse in the past five years? Blowing another bubble? Is Wall Street’s addiction to profits pushing us closer to another, bigger market and economic meltdown, driving America closer to the Second Great Depression?
Nearly Half Of American Families Live On The Edge Of Financial Ruin
A sobering new report by the Corporation for Enterprise Development shows nearly half of U.S. households (132.1 million people) don’t have enough savings to weather emergencies, or finance long-term needs like college tuition, health care and housing……
Hyperinflation and currency debasement (whilst lying about it) is certain.
Sucker Alert? Insider Selling Surges After Dow 14,000
Insiders have been pulling out of stocks just as small investors are getting in.
Selling by corporate executives has surged recently as the Dow Jones Industrial Average hit 14,000 and retail investors flooded into stocks. The amount of insider selling has usually preceded market selloffs.
“In almost perfect coordination with an equity market that was rushing toward new all-time highs, insider sentiment has weakened sharply — falling to its lowest level since late March 2012,” wrote David Coleman of the Vickers Weekly Insider report, one of the longest researchers of executive buying and selling on Wall Street. “Insiders are waving the cautionary flag in an increasingly aggressive manner.”
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Recent News:
- Japan PM Says Hyperinflation Worries ‘Unfounded
- U.S. Treasury Expects to Borrow $331 Billion in Quarter’
- CalSTRS reports $64 billion deficit
- Texas lawmakers face $5 billion budget deficit
- Yale Suing Former Students Shows Crisis in Loans to Poor
- China Gold Imports From Hong Kong Gain to All-Time High in ‘12
- Obama signs bill averting government default
