The creation of debt has finally caught up to Wall street.
The excuses list continues: Trade wars, arrests of some Chinese CFO, Trump Tweets, G20 meeting, France yellow vests, Germany conservative party, Brexit, some Washington post journalist is killed, week economic data, etc. the excuse list can literally go on forever.
But, all these excuses are a cover up. The federal reserve has caused every economic crisis since its creation, and this next one is no exception. Manipulation of interest rates, creation of currency out of thin air, and their attitude of providing easy lending to governments and big banks. This seems obvious, but some people still like to point fingers in other directions because that is what they are fist feed by the usual MSM.
This economy has taken a turn, and it is time for Wall street to get an enema. Put your money into the plumber and sewer stocks because there is a big pile coming down the pipe.
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