“Investors who refused to take the speculative bait may have been the first casualties of the Fed’s policies. But now, it is investors who remain fully invested in obscenely overvalued equities and junk credit that have become the unwitting dupes in this game. If the Fed cannot force people to abandon saving behavior with zero interest rates, some members of the FOMC have openly talked about driving interest rates to negative rates to ‘stimulate’ spending. This is not economics, it is megalomaniacal sociopathy. Centuries of economic history warn that this speculative episode, too, will end in a collapse.”
http://www.hussmanfunds.com/wmc/wmc151109.htm
Related posts:
Obama Follows Bush's Iraq Playbook
Uberocracy: How the Sharing Economy Changes Politics
“Race” – The Divide-And-Conquer Tool Of Tyrants
The End of Private Property in the Era of the American Police State
Live Like You're Free
The War on Drugs Is Far Deadlier Than Most People Realize
Obama reveals himself as a champion of the surveillance state
Bill Bonner: What I Learned in China About the Fate of the US Dollar
The Myth of Scandinavian Socialism
Liberty, NORML and Marijuana Legalization vs. Decriminalization
Bill Bonner: Repeat After Me - Economics Is NOT a Science
Know your rights, read the Constitution
The Battle for Self-Ownership in Medical Care
"Free Trade Has Destroyed American Manufacturing": False.
The Echo Boom in Housing-Recovery Stocks