The Chickens are Coming Home to Roost- You Are Witnessing It in Real Time
This morning, as I do most mornings, I brew coffee and then I read the daily nonsense on sites like ZeroHedge. Then I check the markets. Today, every indicator was red. Indices, oil, gold. Everything was down. Then I see some ridiculous mainstream article stating that the FED was responsible for the freefall and the end of the stock market business cycle. Like that is something new. You see I forget. I forget that most people under the age of 45 have never seen a real inflation driven, stock market crash. Oh they saw that 2008 shitshow wherein our bought off leadership rescued crooked banks and bankers, then health insurance companies. Where the Bernank and the FED printed money hand over fist. Where cash holders bought mortgages for pennies on the dollar and have since become greedy slumlords renting shacks for a couple thousand a month. So those 40 somethings might have seen that. They might even remember what happened. But what they've never seen is an inflation driven crash. T...