It looks like 10 years of central banking liquidity infusions that make their portfolios as bloated as they’ve ever been aren’t enough for the greediest of them all, those that made money off of wars, opium and enslavement, among other illegal ventures.
This is the closest we’ve come to a pivotal moment for the global economy since 2009. Today is the pinnacle of the economic experiment, led by the Federal Reserve and followed by all central banks, globally.
The Federal Reserve is shamelessly lying. It isn’t the first time, either.
Today’s letter is one of the most vital publications I’ve ever put out. The next couple of years could bring life-changing alterations to the global economy. It could lead to the financial RESET.
On Wednesday and on Thursday, we saw record up-days with the major indices. It’s not a surprise, given how oversold they were, on a short-term basis, but looking at 2019, we know that central banks want to keep tightening rates and shrinking their balance sheets.