It’s Wednesday, so by law and VIX expiration, the casino must be up today. Here is a count that both Daneric and I can agree upon. Four months of non-stop denialistic bullshit, while the global reflationary mirage turned back into a pumpkin:
As I’ve said many times, this clown show only makes sense in the context of a dementia-ridden old age home, terrified of change, yet cannibalizing the status quo at an unprecedented rate. The inevitable consequence of the corporate perpetual growth model hitting the brick wall of finite reality: Debt-sponsored stock buybacks to give the illusion of profit growth.