by Adam Taggart, Peak Prosperity:
The private understanding that we’re in trouble is suddenly becoming realized by the public
For those paying attention, there have been plenty of signs indicating that financial asset prices are dangerously overvalued and that the decade-long economic expansion is reversing towards recession.
But the mainstream — until just recently — has refused to see this.
Over most of 2019, investors have remained willing to push stocks, bonds and real estate to record prices. And the Federal Reserve, the Trump administration and the media have boasted about America’s “strong economy” on a weekly basis.