Friday, April 27, 2012
Monday, April 23, 2012
Wednesday, April 11, 2012
Deja Vu of last August, the market is already in freefall and yet the media, public and investors are largely oblivious to the ubiquitous signs of resurgent financial and economic distress. As we now know last year's crash was mitigated by global central bank intervention. So reality was yet again delayed, but will not be denied.
Tuesday, April 3, 2012
Once again, copious Central Bank liquidity has lulled the General Public back into its semi-lucid coma. All is well in Fantasy Land. Even Occupy Wall Street is quiescent and the Idiocracy on Wall Street has taken the opportunity to mock them. Yet just today we received the latest rude reminder that the markets and by extension the economy are solely supported by Central Bank monetization programs.