Central banks have broken economics.
Caught in a trap they themselves created, where nothing works the way it's 'supposed' to now.
(God help us on the next down turn)@DiMartinoBooth @paranoidbull t.co/7KYiSFWeHf— FreeMarkets-TQN-👑 (@TechQn) January 2, 2020
Note the correlation of Fed balance sheet expansion to market gain over 4 months. t.co/OikIfCbYPr
— David Kudla (@David_Kudla) January 1, 2020
In the last decade the US added nearly $11 trillion in debt while growing GDP by only $7 trillion.
In other words: Every $1 in growth came with over $1.5 in additional debt. pic.twitter.com/mandXOZYPB— Sven Henrich (@NorthmanTrader) January 1, 2020
The Conference Board LEI is now negative YoY without the hand-holding of the liquidity/momentum-driven stock market. Big disconnect between the financial economy and the (1% growth) real economy. pic.twitter.com/m1aif1u6qw
— David Rosenberg (@EconguyRosie) January 2, 2020
CNN Fear and Greed at 96%. Hurry rush and buy stocks NOW!! pic.twitter.com/s7kqYCbHCY
— Thomas Thornton (@TommyThornton) January 2, 2020