Sunday, May 24, 2015

We Have Officially Entered The Final Phase Of Every Market Bubble

"On the heels of another chaotic trading week in major markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that we have officially entered the final phase of every market bubble.  Below is the fantastic piece from Michael Pento.
May 23 – (King World News) – At the beginning of every quarter Wall Street places its overly optimistic GDP forecasts on parade. And by the end of the quarter, those same carnival barkers line up a myriad of excuses as to why the numbers fell short. Port strikes, a stronger dollar and snowier winters (supposedly caused by global warming) are among their current favorites.
But the anemic data in the first quarter of 2015, followed by the not so much better data in the first month and a half of Q2, has rattled the optimism of not only the usual Wall Street cheerleaders, but even many at the Federal Reserve…."

at http://kingworldnews.com/we-have-officially-entered-the-final-phase-of-every-market-bubble/

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