monday1929

Thursday Outlook: Commodities, Emerging Markets

The fact that there is still debate as to whether or not we will have a Recession (a formally normal part of the business cycle) After the collapse of the biggest credit bubble in history, and after the disintegration and insolvency of most major banks, tells of a complacency which will only be removed by a Major Depression.
The Bulls should hope for a recession. The Fed is not an all powerful Santa Claus: remember the "free markets" the elites used to pay homage to? That's before the criminal banks became beggars.