The sequel to "Meltdown" is now starting to unfold. Tis the "Fall" season after all......and the DJIA just broke below the psychologically important 11,000 mark:
Meanwhile, the Elliott Wave Principle is indicating a breakdown dead ahead:
Yet, economists are still in their extraordinary delusional world of human rationality, market efficiency and general equilibrium when the condition of the global financial and economic system is utterly contrary to what they believe. But, alas, only a total lie could uphold the idea that 'greed is good'. Well....that lie is likely at its catastrophic End.
God have mercy...