Don't Drink The Fentanyl-Laced Kool-Aid

Crack up boom in progress. It's a global coordinated monetary heroin overdose...

FOMC meeting:

"God created economists to make weathermen look good"

First off, what are the new economics courses that have been added to the curriculum these past two decades: Money Printing 101? Ponzi borrowing for dummies? The negative time value of money? Central Bank ETF portfolio management?

Seriously, this profession has absolutely no shame and no intellectual honesty. They've failed to predict every single recession since World War 2, despite the fact that the markers are all the same - Monetary normalization, "full employment", cycle low personal savings rate, declining industrial production, banzai asset speculation, retail and auto saturation, mass retail bankruptcies:

"Since January 1, retailers have announced plans to shutter more than 6,700 stores in the U.S. That beats the previous all-time high of 6,163 store closings, which hit in 2008 amid the financial meltdown, according to Credit Suisse"

We can add a new indicator - expanding deficit to paper over the recession already in progress:

Not once since 2008 has GDP growth exceeded the annual deficit (debt growth). And now it's rolling over again...

GDP growth - Deficit (% of GDP):

Four reasons:

1) Printing money is working out much better than expected. Clearly it's the secret to effortless wealth, and it remains a mystery as to why no one tried it sooner.

2) Global synchronized expansion. The fourth one since 2008, all predicated upon misallocation of capital and fake reflation. Add in persistent deflation from automation and global mass poverty as key reasons why stocks can continue going up. 

3) Historically unprecedented interest rates will remain close to 0% until the next depression. Which is very bullish for stocks - the inability of Central Banksters to normalize interest rates in the face of "global economic expansion". Two lies for the price of one. Refuted by third grade logic.

4) Rising corporate profits, compliments of RECORD oil futures speculation

This charade is about excess capital circling the globe and making up fantasy narratives along the way. Nothing more, nothing less...

"Global economic expansion for serial dumbfucks"

Over-investing poverty capital into excess capacity provides infinite ROI on paper, via the discounted cash flow model. 

Unfortunately, ending in mass corporate bankrtupcy, something the economically-oblivious DCF model doesn't predict so well.

"And in the third year of investment return, cash flows go unexpectedly negative"

"Fool me all the time, shame on me"

Any questions?