Nothing makes sense in their late stages
by Chris Martenson
Chris Martenson’s Peak Prosperity
Asset bubbles are brutal.
The most difficult time to remain centered and focused is during their last stages as everyone around you is going nuts. Logic has been tossed out the window, sentiment is manic, and every narrative – the stories we hear and use to make sense of our world – is thoroughly ungrounded.
After a decade of price deformation — such as UBER being valued by the ““markets”” at $45 to $50 billion despite having no viable path for ever making a profit — it seems that practically everyone has lost the ability to perform even basic math or reality checks.
For example, this week — for what must have been the 42nd time — the Trump administration has proclaimed a massive victory in the China Trade Deal.