Yes, This Time It Is Different: But Not In Good Ways
@zerohedge -

Authored by Charles Hugh Smith via OfTwoMinds blog,

Yes, this time it's different: all the foundations of a healthy economy are crumbling into quicksand.

The rallying cry of Permanent Bulls is this time it's different. That's absolutely true, but it isn't bullish--it's terrifically, terribly bearish. Why is this time it's different bearish going forward? The basic answer is that nothing that is structurally broken has actually been fixed, and the policy "fixes" have fatally weakened the global...

Loading...

Related Articles