Edge of the Edge

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John P. Hussman, Ph.D.
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The simplest thing that can be said about current financial market and banking conditions is this: the unwinding of this Fed-induced, yield-seeking speculative bubble is proceeding as one would expect, and it’s not over by a longshot.

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Caitlin Long 2mos

INTERESTING🧐 from @hussmanjp on whether the Fed's new #BTFP program is even legal (from his terrific post here -- worth the read in its entirety: