We’ve Seen This Picture Before—–Global Markets Down $13 Trillion Already

The US stock market has been inflating almost continuously since Black Monday in October 1987 when the newly arrived Fed Chairman, Alan Greenspan, panicked and opened up the money spigots. ^SPX data by YCharts In fact, the S&P 500 had risen by nearly 1000% as of the recent May peak, but that was not owing to a […]