Loading ...I just read half of the article down to the part below. Interesting points Stockman brought out.
part”
So when Yellen averred that valuations were still within “historical ranges” (albeit “elevated”), just exactly what history was she talking about? Surely the last three decades of easy money and falling yields—capped off with massive QE and practically zero yields since 2008—are not the right historical benchmark at all.
Comment:
Decades ago, I heard Greenspan say something like….”We at the Fed prefer not to abort any bubble. We feel its better to wait until it pops, and then address the problems”. So maybe that’s why she did not show concern.
Another thought here, in the past the Stock Market was considered a barometer, suggesting a booming future. That would not surprise me because after the 2008 crash I posted my views that the past 1913 to 2008 era had ended and a reversal of that past had already started. If anyone remembers?
I always figured the global master planners that built up the USA until 1971, and then rotated to building up other nations, China being the last one before rotating back to the USA after 2008.
So right now, it’s “USA’s 1975” in China. Topped off with real prosperity, and ready for fake, green like, higher taxes prosperity. And right now the USA is in China’s 1975 situation. Targeted for development. The “immerging markets” did not just immerge. They were created. The USA was an immerging market one time.
In my opinion? The USA has been in an invisible stealth great depression since 1975. The master planners are very clever. However 9/11 threw them a curve ball. And globalization is failing.
Even if there is some kind of a perfect storm financial disaster, it would be considered a climax, and give birth to a new prosperity. Like declaring bankruptcy and have a new fresh start. So bring on the crash. 🙂