True market price discovery was destroyed by central banks conniving to pump up asset markets in order to maintain the ‘con’ in ‘confidence’.
Into what sort of a world have we descended? Banking and finance has come to subsume free market capitalism, so the conspiracy to prop up real estate, bond and share markets can’t possibly end well.
People, their impossible levels of private debt, their declining wages and increasing levels of poverty and dispossession rank lowly in this misbegotten agenda.
Something big is afoot, and the title of this blogsite could provide a hint.
It was all underway, long before the coronavirus.
I sense a perturbance in the bourse.