As Mark Spitznagel has said in the video, everything in terms of value and perception is out of whack, because there is so much liquidity in the markets thanks to money printing by governments.
Real estate is super expensive, commodities are expensive, stock market / stock valuation is very expensive as compared to earnings, while the true state of the economy is dismal at best.
Video courtesy of Reuters.
Like the previous debt ceiling debates by U.S Congress, this one is probably going to go down to the wire.
October 17th is the deadline…I think and just before that date they are going to decide to raise the debt ceiling and call up “Helicopter Ben”, Ben Bernake to fire up the U.S dollar printing press and print a few more trillion dollars. Hey let’s just create money out of thing air.
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