All Aspects of the Financial Bubble Are ‘The Worst Since 2008’
It’s getting harder and harder to make a buck as a predatory speculator these days, now that the game is up on the $2 quadrillion financial bubble.
The financial press is full of rueful reports about how it hasn’t been this bad since the 2008 blowout. For example, Reuters writes that “U.S. hedge funds are bracing for their worst year since the 2008 financial crisis.” And Bloomberg whines that “bonds of distressed companies … are on track for their first negative return since 2008 … corporate defaults globally this year [on these bonds] are the highest since 2009.”
As the IMF holds its annual meeting in Lima, Peru this coming week, the finance ministers and central bankers of the bankrupt trans-Atlantic sector are expected to beat the drums heavily for further quantitative easing, to somehow ease the pain of the blowout. And the central banks of the U.K., Japan and Australia will all hold regular meetings this coming week, in which they are expected to follow the Fed down exactly that path, continuing to print free money like there’s no tomorrow.
Which there isn’t, under their system.
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