This week’s podcast: “The dead weight of entitlement thinking”
Here is a direct video link.
This remarkable series of charts underlines some of the Fed-induced trends in income divergence that I speak about in this week’s podcast.
Tech note: Youtube apparently has a glitch today where many browsers are not hearing audio. If you are having the trouble a fix until this is repaired is to advance the volume bar on the clip.
Breadth and volume continue to fall as margin debt is at all time highs. We have seen this film before. Remember the definition of insanity? Here is a direct video link.
So far third quarter earnings for the S&P are remarkable for their disappointment. But as one of the guests in this clip points out, the good news is the Fed is still doing QE right, so no one has to worry about downside in outrageously valued stock prices. Sure, sure the Fed protected everyone so brilliantly in the 2000 and 20007 cycles as well. Don’t worry be happy. Here is a direct video link.
The big picture is captured poignantly in this chart courtesy of Zerohedge. Behold the gaping hole of capital risk.
Cory’s Chart Corner
