Hi Wombat,
Great post. We're very much in the same page.
Just one point, you mentioned in response to one of my previous posts that I had in error omitted to mention that the ''bull'' market in stocks was as a result of QE. I didn't mention this, however, only because to me it's obvious that the bull market we've seen, especially in the states was completely a function of QE.
To add to some of your points above, I was also fairly shocked when the unemployment rate in January managed to tick down to 4.9%, despite all the mass closures of retailers and energy related businesses in the states.
At this point, I literally don't believe any of the stats coming out of the states.
''Reality is that which, when you stop believing it, doesn't go away''. The world is in the process of being served a generous portion of reality, and it's not going to taste good.
Cheers
Ivan
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