Look at equities if you want to avoid being sucked into the black hole of Western sovereign debt.
American markets are back at pre-crash levels. It’s hard to imagine why.
Unless you believe that the market is always right, the simple answer is: the market is wrong and we are due for a crash.
No
one these days seems to believe the market is right, let alone ‘always
right’ and as such it should be cause for no end of worry that we are
living in a fool’s paradise. Certainly the perma-bears believe the West
is in terminal decline and that its markets are suffering either mass
hypnosis or the effects of market rigging.
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