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!
Schedule for Week of May 19, 2024
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The key reports this week are April New and Existing Home Sales.
*----- Monday, May 20th -----*
10:30 AM: *Speech, Fed Vice Chair Philip Jefferson*, *U.S. ...
2 hours ago
1 comment:
Too funny on the IMF headline! The Rosenberg piece is a good one.
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