Insight and inspiration in turbulent times.
There are few things more insane than the terminal phase of a stock market bubble. It is worth noting that from the bottom of the Great Depression it took 20 years to reach new highs in the stock market. We may not even be at the bottom of this depression and one market index has already reached a new all-time high. Is this investor insanity or the beginning of the next glorious economic expansion?
Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future — one that has possibly started now.
Only exceptional weakness in the global economy explains oil dipping into the $20 range. In doing so, the oil market has provided a warning for anyone who is willing to see it.
The global deflationary wave we have been tracking since last fall is picking up steam.
What’s happening in the Chinese stock market may be the front edge of the often delayed demise of the global credit bubble. Our daily lives have become so dependent on finance that it appears governments will do anything to keep the bubble going. Can they really succeed indefinitely?
How do we find hope and meaning in a world where the powerful look out for themselves first, second, and always?
