Also look at the dollar today...it's down half a percent
Ask yourself, why on the day like today when wholesale inventories increased by 0.3 percent after having been initially estimated as unchanged, the dollar goes down?
Markets look like they’re fine. But underneath the surface, most stocks are not doing well. Most stocks around the world are down. Most stocks in the United States are down. In 2015, when the market averages were flat, twice as many stocks were down on the New York stock exchange as were up. And in the last nine months, earnings are down in the United States. A recession is starting, it is already in place. But if you look at the averages and the bond market, they still go up.That’s because all the central banks are running their printing presses as fast as they can, and Brexit means they’ll run them even faster.
We had a problem in 2008 because of too much debt, domestically and worldwide. Now the debt levels are staggering compared to 2008. Some countries have up to five times as much debt as they had eight years ago. And the dangers now are even larger than 2008.