Since 2000 we have been stuck in a “permanent recession”. Over this period economic policy and financial engineering have merely masked this reality. Unfortunately, all they have achieved has been to reinforce the “permanent recession”. This will continue until the point when markets are finally allowed to clear.
https://www.mises.org/daily/6676/Says-Law-and-the-Permanent-Recession#.UxcnOBotQpo.twitter
Broken Money, Broken Markets
Today’s new highs are increasingly mechanical, not fundamental — and in a broken market, your 401(k) is the exit liquidity.
