Now Comes The Great Unwind - How Evaporating Commodity Wealth Will Slam The Casino
Submitted by David Stockman via Contra Corner blog,
Submitted by David Stockman via Contra Corner blog,
By EconMatters
Corn Market 2015
We end the year with a dump bump and the best analogy for US equity markets we could find all year... (Forward to 2:00)
https://www.youtube.com/watch?v=BB5LXF0c__g
Never Gets Old, sorry.
* * *
WORST SINCE 2008...
2015 - the year when The Fed hiked rates for the first time in a decade to confirm its own narrative that "everything is awesome" and the US economy can handle 'normalization'.
And/Or
2015 - the worst collapse in US macro-economic data since 2008 on both an absolute and relative to expectations basis.
Via Dana Lyons' Tumblr,
A brief sampling of the best, worst and toughest financial markets of 2015.