What we know now: Coordinated global central bank market manipulations have distorted price discovery mechanisms impacting valuations in stock, bond, and property markets. Politicians are taking credit for record-high stock prices and the unprecedented 5,000-point surge in the Dow Jones industrial average. A 2017 gift that will keep giving: NY Stock Exchange — Margin debt […]

  It’s different this time, or is it? The US Federal Reserve, the Bank of England, and the European Central Bank have become gargantuan, out-of-control, rogue hedge funds. Global central banks have magicked-up hundreds of trillions of dollars in debt and guarantees. Global stock market valuations are stratospheric—buoyed by stock buybacks, funded by record corporate […]