Look to Europe, look to the Far East, look to Latin America, and what do we see? Civil unrest, riots, protests, and what could only be described as the start of the economic collapse. This “bad news” simply can’t be spun as “good news” for the markets. We’re seeing a rolling type of collapse that puts the meaning of “bad news” on a whole different level because we’re not just talking about slumping auto sales or the Fed’s pesky, persistent low consumer price inflation, as the MSM would say, but rather, we’re talking about the complete and total break-down of society itself.
The markets are not prepared for this.