Indigenous Shock

The U.S. money supply, year on year percentage change as of August 2021.

Whatever Comes Next Cannot Be Good

 

A Direct Result of Monetary Madnes

 

A More Realistic Measure of "Economic Growth"?

If we can agree that GDP growth is a good thing for the economy, that an increase in the money supply is a bad thing, and that increased saving (from an already extraordinary low level) is a good thing, then subtracting money supply growth and adding saving growth to GDP must be a more realistic (or less worse) measure of economic growth than "real GDP", would it not? 

And using Gross Saving (which also includes the lack of government saving) and the "true money supply", economic growth looks even bleaker. 

And if we agree the stock market ought to be at least partially linked to "economic growth" over the longer term, this is one magnificent U.S. stock market bubble. 

The only Reason Stocks Have Been Surging

Y/Y growth rate in the money supply and the Fed balance sheet.

Keynesian Economic Policies In Action

Monthly as of April 2020

There Were Some Great Days During The Previous Bear Market As Well

It Could Get Much Worse From Here

Chart Of The Day: Current sell-off vs other bear markets

Source: themarketear

The Current Stock Market Crash vs 2008