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The panic into quality : Comments
By Michael Knox, published 2/11/2018This is not that bear market, this is a bull market correction. The reason we know this is not a bear market is that we have two tests.
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And too much risk of this debt-funded house of cards tumbling down in a wild crisis where all the panickers see too much risk in hanging around any longer? And all heading for the exist sign saving or taking what they can, as the US debt continues ever onward and upward, up into never ever charted new heights and still grows by a trillion a year.
With the only prospect in sight, a war of disastrous ruination that takes out the creditors and their claims on US treasury.
Chapter 11 may well work locally but cannot be applied to the international market! Even someone six times bankrupt in the U S of A, ought to at least be aware of that and get the mother of all arms races underway, to sell enough armaments to all comers to start making inroads into unrepayable debt!?
This is not a bull market nor a bear market, but rather an asylum where the inmates have taken over and are running the joint using purloined credit cards, sending out for pizza? Allegorically speaking.
Waiting for the collapse and glad I'm out!
Alan B.