Wall Street R.I.P. – The Bubble Is Dying At The Zero Bound
by Tyler Durden
ZeroHedge.com
05/22/2015
If any evidence was needed that the market is dying at the zero bound, it came in this week’s violent 15-minute rip when the algos read the Fed’s release to mean there will be no rate hike in June. It put you in mind of monetary rigor mortis – the last spasm of something that’s already dead but doesn’t know it. The Great Financial Bubble dying at the zero bound has been inflating with just three interruptions – 1987, 2000 and 2008-09 – for the last 33 years. As a result, the market value of stocks, bonds and other debts have simply become decoupled from national income.
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