from Financial Survival Network
Gordon T. Long returns… Houston we have a problem, actually a lot of them. The current bull market in global stocks has been proceeding a pace for 9 years. That makes this one the grandaddy of them all. Meanwhile, back in the real world, there has been little if any growth and if you adjust inflation accordingly, it’s arguable that we’ve actually been in a major downturn since 2008. What’s a central planner/central banker to do? Add to that picture, burgeoning sovereign debt on global scale, public pension plans about to go bust in the Western world and more currency units than can be appreciated, and you know there’s big problems ahead.
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