More Economic Straight Talk
Economic conditions are dismal.
by Stephen Lendman
There's far too little of it around. TV talking heads shun it. All's well in the world, they say. They don't dare report accurately. Their jobs depend on manipulative deception.
Financial truisms bear repeating. Money creation madness assures trouble. Irrational exuberance follows. So do bubbles.
Imploding is just a matter of time. The bigger they are, the harder they fall. It happened in 2000 and 2008. Perhaps this year or next is 3.0. The fullness of time will tell. Excess creates its own demise.
New era rhetoric doesn't wash. Market analyst Bob Farrell's Rule Number Three says "There are no new eras - excesses are never permanent."
Reality has final say. It arrives in its own due course. Often it's when least expected.