The Deadly Truth About the Great Boom and This “Recovery” « The Burning Platform: "But financial engineering does not result in real growth.
And speculation does not expand the money supply.
It is only a sign of decreasing money velocity, and a bubble that will only burst – like in 1929, 2000, and now again!
It’s a mirage.
It isn’t real.
And it isn’t sustainable.
Despite such endless financial engineering, sales for the S&P 500 have been declining for the last three quarters. And profits have declined for the first time since the 2009 expansion.
I’d be surprised if both didn’t continue down in the 4th quarter.
This will end badly… which is the only way bubbles end."
'via Blog this'
“Those who are able to see beyond the shadows and lies of their culture will never be understood, let alone believed, by the masses.” - Plato
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