“Some 57pc think there will be no escape from the ‘twilight’ conditions afflicting the western world, and 20pc expect an full-blown global recession. That is a remarkably bearish set of views. Yet the same investors are overwhelmingly bullish on stocks and property. This schizophrenic exuberance seems entirely based on the assumption that QE and central bank largesse will keep the game going, flooding asset markets with liquidity. Indeed, 80pc think the ECB will cut rates again, and half think it will have to swallow its pride and join the QE club in the end. Four fifths think equities will gallop on upwards over the next year. Complacency is rife.”
Related posts:
Bernanke to Oprah: "I've Been Doping for Years"
James Bovard: Washington secrecy is creating a know-nothing democracy
Ron Paul, Ferguson: The War Comes Home
ObamaCare Is Just a Stepping Stone to Nationalized Health Care
Marc Faber on ET Now Sept 03, 2012
John Kerry Responds To Military Coup In Thailand
Bill Bonner: What You NEED to Know about Wealth Inequality
Part-Time Track Jobs For Mainstream Professionals?
North Korea Is Like a Misbehaving Child—Ignore It
Lavabit: The Latest Dead Canary in the Privacy Coal Mine
Money Laundering Is Financial Thoughtcrime
No, the Military Has Not Withered Away Under Obama
Bill Bonner: America’s faith-based economy
What Are the Real Foes?
The Eric Holder Memorandum on Mandatory Minimum Sentences, Explained