Loading ...appears to be rolling over. will the fed come to the rescue again? some talking heads are saying the central banks of the world are buying stocks because bonds don’t offer much return. they are screaming 50,000 dow. if that is truly the case, the world stock markets may indeed double from here. who will be the next buyer? there is no better argument for pm than the buyer of last resort buying. currency will be worthless at a 50,000 dow. stagflation at its grandest.
i still believe we are looking at deflation but never underestimate the stupidity of large groups of central bankers and elected officials.
rno