Friday 14 February 2020

John Rubino: If Anything is Allowed to Fail, Everything Fails


Despite trade wars, dreadful economic indicators, and epidemic containment shutting down China's manufacturing, stock markets keep hitting record highs, deliriously counting on the Fed and world central banks to keep drowning any real problems that pop up with a flood of debt-fueled cash. 

Businesses, retirement funds, and investors are starting to believe that, “All news is 'Good News' now.“ Soberly translated, the central banks' actions reveal that things have become so distorted, so interconnected, and so poised on a knife’s edge, that, “Nothing fails until the currency fails - and then everything fails.”