OPPORTUNITY APPROACHES : ANOTHER CRASH Political Opportunity. Radical Political

OPPORTUNITY APPROACHES : ANOTHER CRASH

Political Opportunity.

Radical Political Opportunity

—…[The] cyclically adjusted price-to-earnings ratio (CAPE) … the so-called Shiller PE, is currently well above its long-term average of 17 and approaching levels that previously presaged doom for equities. Shiller has plotted CAPE going back to 1881 and notes (with some alarm) it has only been higher than current levels three times: In 1929, 2000 and 2007.”—-

I thought it would take until 2020 for another cycle to play out but I didn’t anticipate all this nonsensical flooding of the markets with cheap money. Eventually someone has to figure out that Krugman and Delong are wrong , and that Austrians are right, and that we’re running out of options.

The only choice is liquidation – of the corporations (states) that are bankrupt.