Crash to Come…

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It has always been clear that a decade of negative real interest rates would cause excess investment in some area or other, which would eventually bring the overinflated stock market crashing down.

Misguided share buybacks are hollowing out companies’ balance sheets and …

The crash to come will focus therefore on the major names of corporate America, which have hollowed out their balance sheets to goose the prices of their management’s stock options.

MarketWatch.com

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