Apr 22, 2015
What Will Happen Next Wednesdays with Andrew Hoffman:
We are in a world amuk, with bubbles inflating in late 1999 fashion as the news flow worsens by the minute. I mean, MCD stock surges on this morning's abysmal sales report?
Never have I seen so many dichotomies, and market manipulations, in so many areas of the global economy/markets.
Greece a goner, no one cares
Oil and copper supplies explode, no one cares
-oil (and copper) now "PPT'd" just as Dow
Economic data plunges, no one cares
-all-time low European yields, more than half of global government bonds below 1%, Eurobor now negative, 10 year bund nearly negative
-aside from oil, copper, and few others, commodities plunging - lumber, iron ore, even rice
-dollar near highs again, killing U.S. business
All out bubble in China/Hong Kong/Japan, all Central bank caused
Nasdaq 5,000, but record low CNBC ratings
Gold at nearly lowest inflation adjusted price ever!