And he offers an insanely good chart of the Hot Money.
Central banks have succeeded in generating a planet-wide mania.
I can’t even begin to think of all the unintended consequences this will bring about.
Fed clueless how to unscramble omelet, fears “outsized market reaction.” Other central banks keep adding to omelet. Absurdity reigns.
It’s the competition folks – not the bank regulators. And they have real teeth.
After a bruising setback, the US government has a new opportunity to oppose China’s global financial and monetary ambitions.
They’re worried about bond market mayhem. And the financial system.
“Nothing is happening inside the Eurozone that favors growth.”
“Bond Bubble becomes more extreme” and stocks are “overvalued,” say 11,000 financial professionals – but where’s the dang sell-button?
This is just the beginning, a new trend that’ll turn into the next craze.