New Bubbles Are Brewing in Shanghai and on Wall Street [View article]
Superb. Thank you, Gary. Sometimes it's hard to see that the Emperor is naked these days. Keynes famously said "markets can stay irrational longer than you can stay solvent", and that's a real problem right now. The level of government and shadow-banking system manipulation is epic. Many, many false signals, impossible to separate signal from noise right now.
New Bubbles Are Brewing in Shanghai and on Wall Street [View article]