Wednesday, May 24, 2017

Maximizing Risk Going Into Depression

As is fitting of an eight year Ponzi Party, gamblers are reaching for maximum risk in front of the steamroller...

The Nasdaq is in melt-up mode:

Here we see graphically what yesterday's post was saying - the recession trade is on in full force, even as speculators flock to the riskiest assets...

First, the recession trade:

Here we see Bitcoin, IPOs, and internet stocks all peaking at the exact same time, for the first time ever...

This will end badly.

Don't ask me how I know.

The Fed knows best...

"Wait until something breaks and then back off a bit..."

Another PhD mega-dunce:

"Here's what we'll do, we'll borrow 3% and call it 3% growth"
"What about 4%?"
"Don't be ridiculous"