Hussman: Wall Street Becoming a ‘Glorified Crack House’

“Economist and fund manager John Hussman says that Wall Street is “becoming little more than a glorified crack house.”

“Day after day, the sole focus of Wall Street is on more sugar, stronger sugar, Big Bazookas of sugar, unlimited sugar, and anything that will get somebody to deliver the sugar faster,” Hussman writes in a note to investors.

“This is like offering a lollipop to quiet down a 2-year old throwing a tantrum, and expecting that the result will be fewer tantrums.”

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