Recession. Revolution. Recovery.

“The biggest consequence of central bank and government policy following the financial crisis of ten years ago was that the already rich and powerful became even wealthier and more powerful. As state-sponsored inequality boomed, significant portions of the global population finally realized the whole thing is a rigged sham, and populist movements swept the globe.
All of this political energy is a direct consequence of central bank policy, entrenched oligarchy and government corruption. We’re now at the point where significant percentages of the population in countries around the world want to metaphorically burn the whole thing down. Once the economic cycle kicks in and joins the political cycle already underway, then you’ll see the real fireworks.”

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Net Worth As Percent Of GDP

Goldman ‘Bear Market Indicator’ Nears Record High: “No Limit To The Stupidity Of Wall Street”

We are risking another bubble and if 70 years of historical relationships are anything to go by, the S&P 500’s annual return over the next 10 years may be about zero. “In hindsight, the fix was simple: abandon the belief in any limit to the stupidity of Wall Street.”
“Over the completion of the current market cycle, I fully expect the S&P 500 to lose close to two-thirds of its value from the recent peak.”

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