Maximizing Risk Going Into Depression

As is fitting of an eight year Ponzi Party, gamblers are reaching for maximum risk in front of the steamroller...

The Nasdaq is in melt-up mode:

Here we see graphically what yesterday's post was saying - the recession trade is on in full force, even as speculators flock to the riskiest assets...

First, the recession trade:

Here we see Bitcoin, IPOs, and internet stocks all peaking at the exact same time, for the first time ever...

This will end badly.

Don't ask me how I know.

The Fed knows best...

"Wait until something breaks and then back off a bit..."

Another PhD mega-dunce:

"Here's what we'll do, we'll borrow 3% and call it 3% growth"

"What about 4%?"

"Don't be ridiculous"