Eight years after the global financial crash and despite fears of tightening, stock markets are near historic records.
So much liquidity was pumped into the market that investors faced with too much money and not enough opportunities, frantically chased any investment that might produce a return.
Markets are addicted to cheap money. However, the Trump bump has turned into the Trump slump as hopes fade for Trump economic stimulus in the wake of his healthcare reform failure. Investors face a darkening picture, particularly when the world’s largest borrower faces another debt-ceiling fight this fall…
