Monday, December 7, 2015

The Lull Before The Storm........

The Lull Before The Storm

The third stock market collapse of this century is near at hand. The global economy is in the midst of an unprecedented commodity deflation and CapEx depression - the payback for 20 years of lunatic monetary stimulus and credit expansion.

Yet the central banks are powerless to stop the payback. When the Fed announces a rate increase after 84 months of dithering next week in the face of GDP growth that has already decelerated to barely 1% this quarter the jig will be up.

Monumental money printing has failed. Soon there will be no place to hide.

The casino gamblers are incapable of recognizing the on-rushing train of global recession because they have become addicted to "stimulus" as a way of life.

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