The Deflationary Wave Builds

2016 is already off to a worrisome start
Tuesday, January 5, 2016, 1:32 AM
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Well, the New Year got off to a rocky start in the world markets.  Why it has taken so long for the equity markets to react to an obvious weakening global economic environment is beyond us.  We write that knowing that it may take even longer still for reality to catch up to the world’s financial markets.

Part of the reason for the delay, of course, is that the world’s central banks have been fighting off reality with a coordinated series of actions designed to prop up financial markets for as long as possible.


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