Artificial Wealth vs GDP: Why Earnings and the Stock Market Will Get Crushed

by Mish Shedlock, Mish Talk: Here’s the case for an earnings smash accompanied by a continuation of the stock market crash. Ben Hunt: “In late 1990s, the Fed began to use monetary policy as a political tool to make us richer than our economy could grow, inflating home prices and financial asset prices without (they […]

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