- "weather related" (cough cough) NEGATIVE Q1 growth in the US,
- Illegal NSA product tampering very, very likely to hit Cisco and IBM global sales
- New US solar tarrif-sanctions pissing China off who will no doubt retaliate in the trade war that we are clearly starting with them.
- NYSE Margin debt is at all time highs.
- US interest rates have been manipulated down to near all time lows.
If I had the time I could go on and on. Yet everyone everywhere seems to ignore the news which is staring us in the face. Today's wake up call headlines should be the fact that the EU is so desperate to reflate the collapsing credit markets that it now wants a policy of negative interest rates to go along with its asset price pumping QE (AKA money printing).
If things are so good in the economy then why is there all of this central bank intervention? Why is the middle class withering? Why are the government and the media gaming the unemployment numbers? For example, "In March 2014, the real unemployment rate (U-6) was 12.7%, while the widely-reported unemployment rate (U-3) was 6.7%.".
Truth be told, there is no confidence in the economy anymore. People know how bad it is. But there is still confidence in the con men and for now that has to be good enough. This fact, more than anything else, is why the trap door hasn't opened yet. But the ground below us is fragile and could break through on a moment's notice. This trap door like suddenness factor is how most people will get screwed. It's how they won't see it coming.
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