This short film is a good summary of the banking system today. Reckless leverage in the financial sector, encouraged by government guarantees and reflated by QE, has created the financial monster now eating us. Here is a direct video link to part 1.
Here is a link to The Second Part of that film about Money.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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