Swan Song Of The Central Bankers, Part 1: Last Week Wasn’t An Error

Last week’s twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of a bear market that will be generational, not a temporary cyclical downleg. What hit the casino wasn’t an air pocket; it was a fundamental change of direction, signaling that the three […]
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