This has been an 'interesting' time watching this disaster unfold in broad daylight. The psychopaths finally bought ALL IN to their own delusion. Sure, a few are scoping out farmland in New Zealand, but the vast majority are still bought in to their own self-deluded clusterfuck. They can't imagine a world that doesn't have them installed at the top.
Crashing commodities? No problem
Treasury yields at all time lows? No problem
China GDP growth at 25 year low? No problem
Middle Class wealth at 20 year lows? No problem
Middle Class income down 10% since 2007? No problem
Housing starts at 1968 levels? No problem
Output Gap at a massive 20%? No problem
Employment Population Ratio at 38 year lows? No problem
Credit spreads and junk bond spreads at one year wides? No problem
U.S. inflation expectations at Lehman lows? No problem
Child homelessness at all time highs? No problem
Sovereign Ponzi borrowing? No problem
Printing money to buy stocks? No problem
Negative interest rates in Europe? No problem
Corporate profits leveraged to unprecedented levels, now declining? No problem
Spreading global unrest and failed states? No problem
Politicians with 8% approval ratings? No problem
$33 trillion+ in squandered global 'stimulus"? No problem
Risks are high. Delusion is far higher.
