Nothing Goes to Hell in a Straight Line, not even on Wall Street.
This is a very cyclical business.
The QE unwind has started to rattle some nerves.
But average transaction prices rise to record highs.
Investors are waking up after years of somnolent money-making.
“We did not foresee the magnitude of the economic deceleration,” it said, starting the year out on the right foot.
But it wasn’t the central bank that pricked the bubble; its interest rate is at a record low!
Ugly long-term charts that Wall Street doesn’t want us to see. And now US stocks are infected too.
To diminish the dollar’s role as a global reserve currency, central banks would have to dump the dollar. So, let’s see.
How the Corporate Debt Bubble Will Crush Stocks.