The stock and bond markets look like they are wobbling and signaling a warning. One day the stock market is up 500 points, and the next it’s down 800 points. Gregory Mannarino of TradersChoice.net says, “Nothing is real and everything is fake.” The bond market is also gyrating up and down along with interest rates. With global debt at all-time record highs, even a small spike in interest rates could cause the whole financial system to come tumbling down without notice. The financial asset bubble blown to reflate the losses of 2008 could, once again, correct to fair value from a much higher high. Mannarino has long said everything will eventually correct to fair value, and that will look like a bigger disaster than the 2008 meltdown.
Sharing is Caring!
READ If you can’t get sustained inflation even with $10 trillion in intervention then the organic economy is in a truly sorry state.