Via LyonsSharePro.com,
The following guest post is a first-hand account of the events surrounding the Crash of 1987 by JLFMI President, John S. Lyons.
Personal Recollections of the Crash of 1987 on its 30th Anniversary
“There was no ‘smart money’ that day.”
It was supposed to come with a "bang." Instead, the double trial balloon launched by the ECB on Thursday night, delivered at the same time by both Reuters and Bloomberg to make sure that everyone got it and according to which the ECB was considering slashing its QE in half from €60 billion to €30 billion and keeping the program active for at least 9 months, revealed one of the biggest market reaction "whimpers" to an ECB leak in years.
For those who missed it, here again are the bullets:
There shouldn't be a Federal Reserve, but it exists, and it's constantly creating a world of economic pain.?
Each Federal Reserve bubble must turn into a bust. It's unavoidable.
Ron Paul discusses the latest bubble below...
http://player.cnbc.com/p/gZWlPC/cnbc_global
Via RonPaulLibertyReport.com
According to the central planners, the "solution" for the bust is more creation of new money and credit.
That's the only way they can keep their "system" alive.
Authored by John Mauldin via MauldinEconomics.com,
The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.
Now, that’s possible; I'm inclined to haircut it a bit.
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
“The Cost of Missing the Market Boom is Skyrocketing”, says a Bloomberg headline today. That must be the scariest headline I’ve seen in quite a while. For starters, it’s misleading, because people who ‘missed’ the boom haven’t lost anything other than virtual wealth, which is also the only thing those who haven’t ‘missed’ it, have acquired.