Do Bubbles Burst? Yes!

I believe we'll see a bounce back soon, but this is only the opening salvo. All bubbles burst! There has never been a financial bubble that didn't eventually burst! There is another major financial crisis brewing. It will be an even bigger one! "You ain't seen nothin' yet!" Eventually, we'll see a US government fiscal crisis too! And both political parties will be responsible!

Ouch! Recession Warning!

S&P 500 is now negative for the year! And this morning, filings for unemployment increased four consecutive weeks, for the first time in five years!

St Louis Fed Admits QE Failure, at Cost of Doubling the Debt!