Accommodating historic Credit and speculative excess in the name of fighting supposedly insufficient inflation – and even deflation – has been an epic failure of runaway Bubbles.
The Federal Reserve and the global central bank community today confront the nightmare confluence
Global “Risk Off” gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. The reality that central bankers will aggressively hike rates until something breaks has begun to s…
At critical junctures, Greenspan and Bernanke consistently veered toward looser and ever more precarious policy courses. Their monstrous egos put our nation’s wellbeing in jeopardy. When circumstances turned tough, they would resort to BS justification for only more outrageous monetary accommodation. Greenspan and Bernanke were both dangerous ideologues and inflationists that handed the keys to our nation’s future to Wall Street.
The more things stay the same, the more they change. I’ll posit that we’ve now experienced the first Squeeze of the New Cycle.
It was the “Everything Bubble” and the everything bust – presently interrupted by the Everything Squeeze.
Crisis Dynamics have, however, returned more powerful than ever. The old, the tried and true, isn’t working.
The world is these days literally confronting scores of Bubbles, some bursting and others at the cusp.
What was to unfold over three decades was nothing short of history’s greatest period of Credit and speculative excess. Now the dreadful downside. Virtually everyone seems unaware of the extraordinary challenges ahead.
Is the market bottom in, or is this more a replay of the fleeting Q1 quarter-end bear market rally?
In this incredible environment, feelings of insecurity and apprehension are inescapable. But we can work hard to minimize confusion.
