Everything Bubble
US Credit Conditions Drop to Worst Level since Q3 2009, Markets Soar
by Wolf Richter • • 27 Comments
Stocks Will Crash – and Crush (California’s) Pension Funds & Taxpayers: Report
by Wolf Richter • • 49 Comments
California Policy Center published an interesting study – interesting in all kinds of ways, including its outline of the doom-and-gloom future of state and local pension plans if stocks turn down sharply, preceded by its prediction that stocks will turn down sharply as valuations are totally unsustainable.