Tuesday, January 19, 2016

Recession of 2008 has resumed

I think the reason the market is going down is because the Fed pricked the bubble. The Fed raised rates.

We are trying to rationalize it by pretending what's happening in the U.S. stock market has to do with factors beyond our control…so people can continue to pretend that everything is fine, that we have a legitimate recovery, the Fed can continue to raise interest rates and everything is going to be great.

The great recession of 2008 is going to resume in earnest because the problems are bigger than ever, and I think the market is going to continue to be under pressure until the Fed rescues it.The markets are going to drop until the Fed changes the game.