by Chris Martenson, Peak Prosperity:
I have been doing this for 40 years, and I have never seen anything like this. This is the most difficult, vexing set of conditions that any of us have ever seen — in part, because not only is there a combination of many cross-currents in the markets, but you have financial repression going on at the same time. And there are resource constraints that are coming to play here, too.
So states Bob Fitzwilson, President and Director at The Portola Group, Inc, one of the financial advisory firms endorsed by Peak Prosperity.
As we’ve repeated warned here on the site, financial assets have marched well into fantasy territory. Time-honored price correlations have vanished. Bad news has become good news for stocks and bonds. Economic weakness is met with cheers.
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