Tensions are high as the stress of a long COVID lock-down collides with the tragedy of nationwide riots in the foreground of a U.S. securities market kept artificially alive by a debt respirator.
This tidal wave of currency-killing money printing to monetize now un-payable debts and unsustainable U.S. securities markets are the perfect recipe for “Uh-oh” ahead, despite a still powerful Fed.
Tack on to this horror show the brewing tensions with China and we quickly see that the prognosis for the global and U.S. securities markets only worsens.
Thus, I thought I’d keep today’s report super simple and on the lighter side, along with some shameless promotion and a bad COVID-19 haircut.
In short, for images a bit less stressful than debt-ravaged economies, burning cars and angry crowds, let me introduce you to my boys in the field as we designate the appropriate imagery and definition for the current state of the U.S. securities markets, viz: pure horse crap.
Want to see what my four-legged assistants have to say?