This week provided further evidence that the bursting global Bubble has progressed to a critical juncture, afflicting Core markets and economies.
The Federal Reserve is flailing and global currency markets are in disarray.
The world’s leading central banks are facing the risk that their massive efforts to revive economic growth could be dragged down again, with some officials arguing for bold new ideas to counter the threat of slow growth for years to come.
Let’s this week begin with a cursory glance at the world through the eyes of the bulls.
I see discomforting confirmation that the current historic global monetary fiasco’s disaster phase is now unfolding.
The week commenced with yet another “flash crash.” The August 2015 version was notable for its ferocity and impressive global scope.
Contemporary global finance is a complex “system” of interwoven (electronic) “faith-based networks.” As the bursting of the global Bubble unfolds, myriad “financial dogmas” will be exposed as bogus.
My challenge is to put Chinese devaluation into perspective
There just can’t be a more fascinating endeavor in finance (anywhere?) than analyzing Credit and speculative Bubbles.
In a tiny subsection of the analytical world, analysis is becoming more pointed and poignant.