Click here to access article by Wolf Richter from Wolf Street.
See if you agree with what I see as an underlying message in this article and others he's written: the economy, wrecked in 2008 by years of risky bets promoted by banksters, has since been largely sustained by a bubble of cheap money supplied to capitalists and created by the Fed out of nothing, is now teetering on a precipice and will soon come crashing down.
While noticing that Wall Street stocks seem to be levitating today to
ever greater heights, I have a strong feeling that he is right. Because the cheap money party has lasted so long, many investors will have their delusions shattered in the coming collapse. Unfortunately, working people as always will suffer the worst damage. Ain't capitalism wonderful?