BANZAI7 FOOD AND BEVERAGE WARNING!
While there is no exact constant in economics, the stability of gold’s purchasing power is unprecedented...
The ECB president brazenly “refused to answer questions” regarding Deutsche Bank during a closed-door meeting in the German parliament.
Building up a big pile of dry powder.
Some of the smartest money got out last year.
Jobs, labor force are already declining; with impeccable timing, housing construction is in epic boom.
Reality plods forward.
Inventory glut, lousy consumer demand, the global economy…
There’s no respite in sight.
Relentless deterioration meets stunning overcapacity.
Something broke in the gears of financial engineering!
And then there’s S&P’s “pessimistic scenario.”
Central banks have lost their aura of omnipotence.
Default Rate Highest since 2009, US Distress Ratio Soars.
The goods-based economy swoons.
A terrible deterioration.
CEOs, Wall Street are furiously making hay while the storm moves in.
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