Over the last 16 years, it has become routine for “experts” and pundits to miss MAJOR issues by ignoring data points that don’t confirm their own views, only to later proclaim, “no one saw this coming” when a crisis erupts.
The BOJ admitted in June helicopter money is not on the agenda. Amazingly this is news today after the market has rallied on hope that helicopter money is about to be unveiled.
Despite the Bear Stearns hedge fund blow up, stocks hit a new all-time high in late 2007. They are doing the same thing today, ignoring numerous major warning signs that the business cycle is ending.
The big difference between now and 2008? Central Banks have already spent $14 trillion propping the system up. And they’ve created the single biggest financial bubble in history.