John Rubino observes that the global recovery meme got another series of jolts this morning, as pretty much everything surprised on the downside. From manufacturing in New York, to a slumping Japanese Economy to more bad news in the energy patch with Iran ready to start oil exports, the inflation treadmill is shutting down.
US Retail investors are starting to pool money out of the stock market. This is different than usual where the little guy piles into the market right before a decline. Why, is the question, for which there’s no answer right now. Is it because Wall Street is pushing international stocks?
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