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Alan Greenspan: The Fate Of The Economy In 2019 Depends On The Stock Market
Late last year, during the Q4 market turmoil that saw credit spreads balloon wider and US equities careen to their worst December since the Great Depression, investors were reminded of how quickly negative sentiment can spiral, as illiquid markets and systematic flows serve to exaggerate price swings, thereby driving up volatility in a self-feeding loop.
That would be pernicious enough on its own, but the real problem comes in when widening credit spreads threaten overleveraged corporate balanc
Our future is the casino and with Debt Clown running another bankruptcy, what can go wrong?
If we are going to have a stable Economic system that sustains over time there has to be enough flexibility to accommodate changing times . Random manipulation as well as the co-opting of power by one group or the other does not enhance the credibility of the system. The war between the Trump faction and the Central Banks and Fed is symptomatic of of a system overdue on it’s 50,000 mile maintenance checkup…..