Public Availability: Initially released to Subscribers on 06/10/14.
Normally a 6-8 Week Release Lag
If you stand back from the markets, the degree of distortions we currently
see is of historic proportions. Frankly, I have never seen anything like
this before, including 1987, the 2000 Dotcom Bubble and the run up to the
2007 financial crisis.
Corporate profits after tax are something we haven't seen since the gilded
age at the end of the 19th century, but it isn't because of growth and investment
but rather from labor cuts, unprecedented low interest rates impacting non-operating
expenses and financial gearing.
The
Process of Topping
