Consumer Sentiment / Without Question - C R A S H Dead Ahead
The Greatest Bubble in History is unwinding with fits and starts.
Economic Conditions Globally - within the lower 3% Historically.
Multiples for Equities - within the Highest 4% Historically in very Real Terms.
Monetary & Fiscal Excess - The Greatest in History, bar none.
100% Assured:
Reality is brought to bare with the Consumer who is being squeezed like a sponge, wrung out and left to dry up, wither and dustify.
During the 1929 Crash, it was the Industrial Centers of our Productive Economy who observed the Level of Commerce, Euphoria and Distended Prices... they Sold everything that was not nailed down.
It was not Wall Street - why would they end the Great Game of Wealth Transfer. They would not.
The Public merely piled in and joined the Selling.
When Confidence fails, it is over for a generation.
That was then, from the early 1980s our Economy began to shift to a Tertiary, Consumer-based arrangement.
Irrational behavior merely follows suit upon the False signals provided via both Monetary and Fiscal Policies, provided the Drugs to imbue speculations.
It has been the exact same throughout recorded History. Human behavior and incentives never actually change.
The shift to a Consumer-based Economy was temporary. Great Wealth was accumulated and squandered under the privilege of Dollar Senioarge.
Eventually, the dislocations become evident, often decades later.
Observe the Financial Environment, the final stage of Crazy is unwinding.
There is much further to devolve, there is no outcome that will be tenable to the vast majority of Humankind.
All that is required is a loss of confidence in the "Systems" - we see this is taking shape in the very Pillars which support the failing Systems.
We no longer have an Industrial Sector of Scope and Scale, but rather a series of Financial Arrangements that are no longer sustainable by any metric.
The Can Kick... it's ending - Sooner than later.
Wall Street follies at this juncture can and will be even more extreme, count on it as there is nothing left but wild dislocations, absurdities and further Lies, Corruption, and Greed to unravel.
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