John Rubino returns… By all rights the stock market advance should have come to its rightful conclusion. We’re drowning in a sea of debt, both the debt we’ve acknowledged and the debt that we’ll have to acknowledge when it comes due in the form of unfunded entitlements. It’s just a matter of time. It looks like Trumphoria could be running out of steam. The only hope for the stock markets is if the Fed jumps in and starts buying stocks and at this point John believes anything is possible. Or perhaps a touch of hyperinflation, which has always sent the markets higher.
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