Fed’s illusion of prosperity bound to vanish
We have all seen how Fed-induced speculative bull markets end. We either end up with another cycle of wealth destruction down the road or higher inflation. I see no other outcome.
My primary competition is in serious trouble. That means the profits I am enjoying by writing this "Illusion of Prosperity" blog will most likely double soon.
I just wish I hadn't used a deflationary dotcom business model, lol.
2 x $0 = $0
A reader told me through a private email that I might want to check out David Rosenberg today. Thanks for that!
New Home Sales Increase to 693,000 Annual Rate in March; Median New Home
Price is Down 13% from the Peak
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Today, in the Calculated Risk Real Estate Newsletter: New Home Sales
Increase to 693,000 Annual Rate in March
Brief excerpt:
The Census Bureau reports Ne...
4 hours ago
1 comment:
Too funny on the IMF headline! The Rosenberg piece is a good one.
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