The U.S. addiction to stock price inflation is rooted in an illusion. It is promoted by Donald Trump, Wall Street, the Fed and mainstream economists.
U.S. stock prices have exhibited a pattern of behavior as erratic as that of the U.S. commander in chief.
Why financial markets in 2019 may offer positive surprises, despite — and actually because of — the current wave of pessimism.
Economists cannot say with precision when the next U.S. recession will begin. But there is no reasonable doubt that the U.S. economy will weaken in 2019.
While Trump says it’s all the Fed’s fault, this is why U.S. stock markets are really collapsing.
What makes this particular market correction so spooky is that, unlike in 2008, no single reason has yet been identified as causing the downturn.
Financial engineering has paid much better dividends for corporations than actual engineering. For the health especially of the U.S. economy, this needs to be reversed.
Those at the top of Wall Street finance know that what they do may be wrong – but not necessarily illegal. And so they carry on, under the “watchful” eye of US authorities.
Decent nations appear helpless against the spread of corruption. Their own elites keep promoting the racket.