Graphs from Charles Hugh Smith.
Yes, it’s what it looks like: AN UNPRECEDENTED BUBBLE. Is it ETERNAL GOOD NEWS or REVERSION TO A MEAN? Has there ever been ETERNAL GOOD NEWS?
The Ten X Sales Club
How many companies can trade at a rate of 10 x sales?
Home Price Index since 1990
Way above trend.
Money Supply
Up, up and away. Crushing inflation ahead?
Margin Accounts
Moon-bound.
S&P Index Regression to Trend
No more downside? Ever? If so, it’s NO LONGER A MARKET. It’s RIGGED.
Total Liabilities
The trigger for the MOTHER OF ALL COLLAPSES?
Wealth Inequality
Welcome, Wall Street! Get lost, Main Street!
Thank you, Supply Side Economics, Trickle Down Economics, Globalization, The New World Order, The Wealth Effect, The End of the Business Cycle, The Dotcom Bubble, The Housing Bubble and the EVERYTHING BUBBLE — FOR NOTHING.
Oh, and here’s to BUILD BACK BETTER!
What a LARF!
Tudor Place 