Recently, Mike Maloney, Grant Williams, Charles Hugh Smith, Chris Martenson and Adam Taggart all convened to tackle the implications of the price distortions that central bank intervention has had on the financial markets.
Back in 2018, each one of us was ringing a bell warning of a massive asset price bubble. 2019, however, only saw prices further shoot the moon (S&P up 28%, Nasdaq up 35%). And ever since ‘Not-QE’ was announced by the US Fed on Oct 8th, the rate of increase has only become more manic.
Exactly WTF is going on?!?