“I wrote a series of articles on the Fed versus History. If you thought the Fed could keep us out of recession, you would be a bull. If you thought History would prevail, you should stay out of the market. I bet on History. Time has shown that History won that fight. History is a tough opponent. Betting against History is usually a losing proposition.”
September 2008 seems so long ago now. The experiment of global QE has proven from the last 9 years that the $700 billion bailout in 2008 did not end the crisis, but kicked off a world that became addicted to ongoing bailouts….
….also:
If You Want To Know How Crazy Things Really Are Right Now, Take A Look At This… (hint, take a look at the chart below! – Ed)
