Who says the Fed can’t have fun at our expense?
Building up a big pile of dry powder.
And what happened in 2009?
“Everything feels distorted and unnatural”: Citigroup
Leading Indicator of big trouble, now fermenting in the banks.
Hidden behind the Fed’s flip-flop theatrics about raising rates.
“This year is unlike anything ever seen in the history of finance.”
In fact, it has barely improved since the Great Recession.
At a breath-taking pace. Default rate spikes. US stocks at record.
Bond bull Gundlach makes U-turn, goes “maximum negative” on Treasuries.