All based on record floatations of debt and bogus "equity"...and an American consumer that can no longer file bankruptcy!
The rich are liquifying their assets with the help of the FED, and that is spiking tax revenues...
In short the looting continues...but it's in the final phases. We had the loot phase, now comes the scoot phase!
Most people realize that there is nothing "healthy" about what's going on in the American economy...it's really just the concentration of wealth at the very top, while the rest of economy struggles with debt and low wages...
This is the Golden Age of Capital. But like most Golden Ages it also marks the start of it's own decline.
