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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: John Vosilla who wrote (120846)7/14/2016 10:25:43 PM
From: RetiredNow  Read Replies (2) of 218632
 
The debt problem now is sovereign debt, as well as over-leverage in foreign banks. The thing I worry about is corporate earnings in the US have had what 5 or 6 quarters of earnings declines in a row? and we're about to have another down quarter? How is that not a recession? The only thing holding stocks up is record high central bank balance sheet expansion across the developed world and Asia, but stocks are not the economy. More of an example of how the system is rigged for the 1%. We all get richer as the middle class is destroyed and the poor lose purchasing power and suffer wage stagnation.
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