“Investors have reached a new level of bullishness. They’re borrowing again to buy stocks, confident that prices go in only one direction. There’s also a swift current of economic analysis telling us that the commodities boom is over, the Fed has the situation under control and the bull market in gold is finished. All of which is amazing and often breathtaking. Stock market investors don’t seem to know or care that the only thing holding up their investments is something that will ultimately destroy them. And that the longer it continues, the bigger the mess when it finally blows up. We’re talking, of course, about the Fed’s monetary policy.”
http://www.moneyweek.com/news-and-charts/economics/us/bill-bonner-buffett-is-frightened-63909
Related posts:
Should Drug-War Victims Pardon the Drug Warriors?
Errant Code? It’s Not Just a Bug
Marc Faber: Train Yourself Not To Depend On The Internet & Mobile Phones
Bill Bonner: Is this a major change of direction for gold?
Guantanamo Bay: The Model for an American Police State?
The Kafkaesque Sacrifice of Encryption Security in the Name of Security
What Are the Real Foes?
Edward Snowden and the Wolf Who Cried Plant
Small Banks Disappear. So Do Loans to Small Businesses.
Anthony Gregory: What Is the Threshold for Martial Law?
“It Could Never Happen Here”
Bill Bonner: Aiming for Aristotle’s Head
Jim Rogers: Need to own real assets in India
Fast-food worker protests help labor unions, not labor
Alfred McCoy: Tweeting While Rome Burns