One Of The Greats On Collateral Damage And Icebergs That Are Dead Ahead
KingWorldNews.com
September 17, 2018
Icebergs Ahead
By Bill Fleckenstein President Of Fleckenstein Capital
September 17 (King World News) – The stock market opened with a thud, led lower by the Nasdaq, which fell 1%, while the Dow and S&P had much smaller losses. It would appear that the decline was associated with the latest ratcheting up of Chinese tariffs by Trump, but that is just a guess because, to state the obvious, nothing thus far has managed to derail the number one beneficiary of worldwide money printing, that being the U.S. stock market.
Unsinkable?
However, we can’t lose sight of the fact that there are many large icebergs ahead, and while we may be able to reiterate the problems that we think we know about, there are always those that are unknown. What we do know is that the world is swimming in red ink, as debt creation, particularly on the part of governments, has been deemed to be the solution to the last crisis, which itself was caused by too much debt and wild speculation…
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