The Nasdaq is in melt-up mode:
Here we see graphically what yesterday's post was saying - the recession trade is on in full force, even as speculators flock to the riskiest assets...
First, the recession trade:
Here we see Bitcoin, IPOs, and internet stocks all peaking at the exact same time, for the first time ever...
This will end badly.
Don't ask me how I know.
The Fed knows best...
"Wait until something breaks and then back off a bit..."
Another PhD mega-dunce:
"Here's what we'll do, we'll borrow 3% and call it 3% growth"
"What about 4%?"
"Don't be ridiculous"
