Saturday, June 24, 2017

Dedicated Central Bank Muppets

One minute I held the key
Next the walls were closed on me
And I discovered that my castles stand
Upon pillars of salt and pillars of sand
Never an honest word
That was when I ruled the world

It's one thing to play dunce to serial asset bubbles eight years apart, it's an all new Alzheimer's low to play the dunce for back-to-back asset bubbles...

"Aw Fuck, is this another financial crisis? I thought the bailouts, printed money, and ponzi borrowing fixed everything"

Of course Prechter will be right in the end - just a bunch of serial clowns blowing smoke up each others' asses...

Don't forget last week's cover...

Which led to this week's risk on rally:

"It's too soon to worry about another financial crisis"