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Two Decades Of Mass Financial Delusion Ends Now
Two Decades Of Mass Financial Delusion Ends Now
Submitted by QTR's Fringe Finance
Friday’s selloff was not a surprise.
Between deteriorating credit markets, rising Treasury yields, increasingly absurd artificial intelligence valuations, enormous amounts of leverage and an entire financial system that has spent the better part of two decades mainlining cheap money like a frat guy guzzling Jaegermeister at the bottom of an ice luge, the warning signs have been flashing for quite some time.
The only real surprise, at least to me, is that it’s taken this long for equity investors to...
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