High school students, even those who are borderline-failing their SATs, have a better understanding of economics and job growth than Washington bureaucrats.
In short, the era the phony recovery narrative has come unhinged. We have no entered a cycle of actual price discovery in which financial assets fall to more accurate values. This will eventually result in a stock market crash, very likely within the next 12 months.
The bounce in risk we are witnessing today will not last. The underlying moves in the largest markets in the world are equal to those we saw during the 2008 Crash. Stocks are ALWAYS the last to "get it."
More and more analysts are beginning to take note of the “War on Cash.” However, they’re missing the fact that the actual template for what’s coming to the US first appeared in Europe back in 2012.