Wolf today issued a timely warning. Next week we will be told by Wall Street stock peddlers that what are just having a healthy correction and that it will soon be time to “buy the dip”. Don’t believe them. We are perched precariously at the top of one of the greatest financial bubbles ever because it is global—-the handiwork of world-wide central bank driven credit expansion and drastic interest rate repression.
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His blog called Testosterone Pit is a daily “must read” and more than that: its posts are succinct, spritely, fact-based, conclusionary and cover the global map with special insight on those debt ridden houses of cards on the other side of the Pacific—-Japan and China.
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