Oh, it’s here alright.
The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy.
OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.
It’s not so stealthy.
The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to zero and did trillions of dollars of QE.
This, despite still ultra-low interest rates and highest disposable income ever.
Those who bet on the most obvious short in the history of mankind got the heads handed to them.
China’s corporations deleverage, forced or otherwise.
Stock market and corporate bond market are in la-la-land, pricing in an economic boom. They’re not seeing a rate-cut economy. So why would the Fed?
Transcript of my podcast.