Reach for yield is the last bubble.
The number of people who see this coming is 0%. This phase of collapse does not involve just yield it involves everything at the same time: yield, oil, JPY, CNY, European stocks, Asian stocks, U.S. stocks, commodities, Banks, All sectors, and of course what is left of 'Conomy.
Speaking of which, and the topic of this post, the fucktard zombies were too busy buying stocks to ask why the Fed "mysteriously" flipped from tightening mode to neutral mode last month. After three years of non-stop Federal Open Mouth Committee, they abruptly called off the recovery.
Why? Because they finally realized that the global economy is collapsing and dragging the U.S. down with it:
Deflation (black) with CPI (red)
Deflation leads the CPI...
There's only one sector left to rollover, the one that's most overvalued...
P/E ratio of consumer staples (red) with Consumer staples (black):
P/E ratio of consumer staples (red) with Consumer staples (black):
