U.S. stocks are outperforming the rest of the world, thanks to competitive advantage in Financial engineering and bullshit...
"Anyone claiming that America’s economy is in decline is peddling fiction. (Applause.)"
Beneath the constant lying, is the second derivative: collapse as usual.
"The recovery is around the corner. I mean that corner. No the other one. Any year now..."
"A few more mass layoffs for special dividends will get the economy back any day now..."
"Wall Street pulled off a minor miracle of sorts this week, with most of the biggest banks matching or topping their earnings estimates. For most banks, it came in part through head count reductions."
Change year over year:
Corporate profits year over year
Europe - 20%
China - 40%
U.S. stocks are the only major risk market near all time highs, now led by recession stocks. This week, 3x overvalued defensive stocks strongly hinted that this charade is out of time