Loading ...I think the world bond markets have it EXACTLY RIGHT!! and that’s why yields are falling. Bonds know that there is no recovery and in fact a major depression is on the way despite all the BS numbers the US govt puts out on a daily basis.
As for world SM’s they are the only thing besides the phony numbers that govt/banksters can manipulate to keep up the MOPE, and of course they need to keep pm’s down to keep that the appearance that all is well.
This will end badly, but that doesn’t mean it can’t go on for a lot longer. JMHO