Posted by lessarda on 30th of Nov 2011 at 12:13 pm
are near 2007 highs (+ or -) even after massive govt
intervention, whereas a typical recovery has long left the prior
highs in the rear view mirror by now. That's negative divergence on
an economic level and leaves things more vulnerable to the debt
endgame (except maybe for large caps that have been hoarding
cash).
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I think the big problem is that the best recoveries
With all the central bank interventions & Iran issue
Posted by lessarda on 30th of Nov 2011 at 12:13 pm
are near 2007 highs (+ or -) even after massive govt intervention, whereas a typical recovery has long left the prior highs in the rear view mirror by now. That's negative divergence on an economic level and leaves things more vulnerable to the debt endgame (except maybe for large caps that have been hoarding cash).