Monday, April 18, 2016

"Eureka: Harvard Discovered The Secret To Effortless Wealth"

Russian Roulette
Central Banks are supposed to normalize risk at the end of the cycle, not artificially force RISK ON. When this never-before-tried-for-a-reason experiment ends, it's going to be FUGLY...

Remember when Janet Yellen remarked that Biotech valuations are "stretched?" (circled). Who the fuck do you think financed that overvaluation?

Telegraph July 2014
"Has monetary policy aided and abetted risk-taking? I hope so. That's why we did it" 
- Anthony Haldane, BOE

And on the same day, we learn that stocks are 72% overvalued relative to GDP...
ZH: April 18, 2016
Greenspan Admits The Plan Was Always To Push Stocks Higher