When the bubble pops, the average person will be left holding the leftover scraps. The pensions will be slashed. The 401k’s will be decimated. The stocks will be punished. Those who borrowed from their home equity will feel sickened as they find themselves underwater. The actions of the Fed and other central banks should not be applauded. Yet, persistently, I see growing numbers of people cheering the bankers, and scolding those who are seeing the obvious dangerous patterns. There is absolutely no indication of when the bubble will pop. But surely, the bigger it gets, the messier it will be. What do you think?
QE4 is here to stay, there’s certainly no doubt. Central banks around the world have all agreed to loosen monetary conditions, encourage risk, reduce the incentive to save, and create bigger and bigger bubbles. While this is happening, they can always take credit for the rise but can easily shield themselves from criticism during a crisis. During the Financial Crisis, round after round of congressional testimony revealed the mass corruption, beyond negligence, outright disruption resulting in the worst crisis in a hundred years. Now today, we are at an even worse state. My, how quickly we forget.
When the bubble pops, the average person will be left holding the leftover scraps. The pensions will be slashed. The 401k’s will be decimated. The stocks will be punished. Those who borrowed from their home equity will feel sickened as they find themselves underwater. The actions of the Fed and other central banks should not be applauded. Yet, persistently, I see growing numbers of people cheering the bankers, and scolding those who are seeing the obvious dangerous patterns. There is absolutely no indication of when the bubble will pop. But surely, the bigger it gets, the messier it will be. What do you think?
The stock market just set another record, this one going back to 1972
www.cnbc.com/2020/01/24/the-stock-market-just-set-another-record-this-one-going-back-to-1972.html
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Sven Henrich on Twitter: “Last time financial conditions were this loose the Fed was RAISING rates. I repeat: The Fed is totally reckless blowing an asset bubble. Financial conditions do not warrant such crisis level interventions. t.co/UzYMPMv4eK” / Twitter
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The rich have had enough of negative rates. Some are pulling cash out of Swiss banks – CNN
Banks Are Handing Out Beefed-Up Credit Lines No One Asked For
finance.yahoo.com/news/banks-raising-credit-card-limits-110000952.html
Manufacturing Jobs Fell Last Year in U.S. Rust-Belt Swing States
news.yahoo.com/manufacturing-jobs-fell-last-u-151303081.html
www.markiteconomics.com/Public/Home/PressRelease/6ebd936f39444bf799f2c696d6bd1755
www.markiteconomics.com/Public/Home/PressRelease/11dfe3907cdd4609ba6f471e0d7954dc
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Doubts on how quickly China can ramp up purchases of US soybeans
www.cnbc.com/2020/01/24/doubts-on-how-quickly-china-can-ramp-up-purchases-of-us-soybeans.html
GRAINS-Soybeans face second weekly loss on uncertainty over Chinese demand – Reuters
www.reuters.com/article/global-grains-idAFL4N29T092
Trump Hails Trade Deal for U.S. Farms, China Has Other Plans
finance.yahoo.com/news/trump-trade-deal-hastens-china-013937536.html
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