The Economic Wall Dead Ahead Is Hidden Behind False Signs Of “Recovery”

This morning I had left the TV mistakenly tuned to CNBC with the sound on—-and unavoidably caught another bullish strategist jawing about the US economy’s awesome strength. This one was peddling as exhibit #1 the recent surge in C&I loans, arguing that it is a sure sign that business is gearing up for a post-winter boom. It turns out that the $1.8 trillion of C&I […]
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