Why must there be growth at any and every cost? Isn’t a little shrinkage what is in order?
If the Central Bankers finally get smart, they will not do one thing to “save” the markets. More liquidity-based stimulus cannot stop the realization that actual solvency is the problem and that all the liquidity in the world cannot stem a one way markets to the downside.
If the market is to crash 10% this week there is nothing that can stop it. And Biz-TV wants you to “be prepared”. Fuck you very much for the timely advice.
Every time I’ve said the words “Bank Run in Europe”, I would get that look. Those of you who read me regularly are ready for this. Your exposure is minimal. You’ve known this was coming.
I had thought it would come late last year but the marketplace bought one more Bullshit stimulus-induced, “Europe is Saved” rally. So my timing was a tad off. But the result is the same nonetheless.
All the most histrionic and bearish pronouncements made over the past few months are being parroted by the press. Now everyone knows the truth and its time to be ready for the next move.
The answer is simple. What must fail must fail. Prices that belong lower must go lower. There can be no “propping up of asset prices”. Sure, it will be tough for the wealth of the world and most certainly will trickle down. But there can be no new start without a return to reality.