Comparisons with the economic situation before and after the market’s 2009-2015 rally. Unraveling the excuses put about by the pundits. The desperate additions of funds by the companies themselves, hoping to levitate the market by adding shareholders’ money into the casino. The fuel has been spent. What are they going to do for an encore? Economists have no clue as to why bond market yields are so low. Business investment has collapsed. All available funds are being churned into the stock market. Listen to Nigel Farage talking in the European Parliament. His usual repartee does not disappoint. The fall in gasoline prices has not resuscitated the economy. It is easy to see why, despite the lies you are told. U.S. CEOs are more pessimistic about corporate earnings than ever. Earnings-per-share have risen by 250% since 2009 but revenues have grown by only 33%. Is there a disconnect there? A quick assessment of Greece.
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