Tuesday, June 2, 2015

The Fed's Magic Has Worn Off......ANOTHER PESKY FACT!

The Fed's Magic Has Worn Off

The Fed insists that Cinderella's carriage is forever golden, ignoring the increasingly obvious reality that the carriage is turning back into a pumpkin before our eyes. The Fed's magic was always a short-term fix, akin to over-fertilizing and over-poisoning our economy to create the illusion of massive growth in profits and stock, bond and home valuations.
The past six years of expansion have been as illusory as Cinderella's magic carriage. Now that the magic is wearing off, the reality is going to hit everyone who believed the fantasy of permanent asset bubbles especially hard.

New orders are slumping..........

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