Somebody at the Fed and Treasury should be listening to John Hussman, of course they aren’t. My post earlier has very similar analysis as Hussmans, but his is more in-depth and provides additional background. This is essential reading for attempting to understand the current issues affecting our financial system. I know its a lot and some of it is depressing, but knowing this stuff at least gives you perspective. Something that is needed today.
I encourage you to spend the time and read my post today and this post – if you read nothing else financial, read these.
Scott Dauenhauer CFP, MSFP, AIF