Pay No Attention to the Man Behind the Curtain

Charles Hugh Smith: In effect, Greenspan et al. assumed there would always be a pool of buyers willing to buy whatever stocks sellers were unloading. One potential pool of such buyers are those traders who bet on a market decline by selling short–selling shares at the top that they would buy back after a decline, pocketingContinue reading “Pay No Attention to the Man Behind the Curtain”

Bearish Bill Blain

“The consequence of the Pandemic has been to deepen the existing distortions. The result has been the extraordinary apparent “resilience” of the stock and bond markets. It doesn’t feel remotely real: “- We can see it in the widening disconnect between the real economy of defaults, job losses, food banks and crashing educational achievement versusContinue reading “Bearish Bill Blain”