10 Years After The Great Bailout—Now Come The Real Bonfires Of Bubble Finance

Festering in the 10-year shadow of the Lehman event, the Wall Street narrative has never been so dumbed-down and heedless as it is today. For example, MarketWatch sounded the all-clear to the dip-buyers this AM by describing today’s CPI release as an “underwhelming inflation report”. Apparently, this was warranted by a minor swiggle in the year-over-year sequence of the index, […]
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