Wrecking ball

Credit Bubble Bulletin/Doug Noland

Repost from 2-19-2021

conceptual drawing of a wrecking ball gravitational potential energy stay out of the way“It’s frightening debt growth – with too little to show for. And no end in sight. Parabolic expansion of debt of increasingly poor quality. “Terminal Phase Excess” on an unprecedented global scale. Intensifying Monetary Disorder. Manic market Bubble Dynamics – and an ever-widening chasm between inflating asset prices (perceived wealth) and deflating global prospects. Record stock prices versus a near catastrophic collapse of Texas’s power grid. American society is taking too many blows. The Intensifying Drumbeat of a Wrecking Ball. If ramifications of a bursting Bubble are not worrying, you’re not paying attention.”

USAGOLD note:  One should avoid at all costs getting between that wrecking ball and its destination …… Noland ends last week’s missive with an unmistakable heads-up.

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