As oil and inflation heat up and with incomes trending down, the LAST HARRAH for Greed-spanomics seems to be MERGER MANIA....
The markets have been nearly oblivious to any bad news in the last months rather preferring to get all of the "retirement lemmings" in the markets at their usual highs before pulling the plug during the annual spring "sucker flush." Around May first.
Still with gloom and doom breaking out all over..... Can the current market levitations hold up even that long.
If Korea and other central banks do what they tell us they won't do---to wit: sell the dollar---things could start down hill fast.
What is disturbing is that NO ONE in authority in the US has a plan---indeed A Clue---what to do. That's the scary part.
Everyone says they will continue buying dollars, but they can't tell us why?
THE GREED-SPAN HYPERLIQUIDITY EXPERIMENT IS COMING TO AN END.....AND THIS COULD BE TO THE DOLLAR WHAT 1931 WAS TO THE POUND..... stay tuned.
