Arthur reports on the latest development with the leverage in the system, as we have noted before - the NYSE margin debt tops are preceding the markets tops. Talking Heads on the Bubble Vision are still talking about the minor correction and that underlying economy is strong. We will see very soon how long Taper can go in this environment.
Jesse's Cafe Americain:
This gang of Merry Banksters made a 1929-like policy error, as they did in 2000 for the first crash, and then followed that up by blowing yet another asset bubble in mortgage debt, and crashed it all over again, almost taking down the world financial sysem.
And now they turn around and do it again, this time with financial assets. Will they keep going until the middle class and the real economy is beaten, like pulp into the ground,. and a few jokers sitting on the top of the financial pyramid own nearly everything?
What are they thinking? Who are these guys, Mortimer and Randolph Duke?
Greenspan and Bernanke: Worst Federal Reserve Policy, ever.
Watch the margin debt story unfold here.
Let's see what happens next.
Related: NYSE Margin Debt Hits an All Time High"