It is strange enough that, over the last two years, the S&P 500 has gone up around 40%, without earnings growth. However, looking at how those earnings have been generated, it becomes clear that we are living in some kind of “Asset Price Distortion Field”.

GDP Growth is a Scam
What appears to be healthy economic expansion in the headline Real GDP statistics can disguise a chronic and perpetual recession in the private sector, running on borrowed time, and heading

