In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- Weariness Everywhere In The Markets
- The post-election price support is evaporating
- Confused Leaders
- Chris recaps his latest meetings at the U.N.
- Boomer Guilt
- Divisions between the older haves & younger have-nots are growing
- Banks & Government
- A partnership of evil
Charles returns to Off The Cuff this week to note the recent lack of vigor in today's financial markets. Does it portend a turning point?
There’s a chart that’s floating around showing that central banks around the world are acting in unison to pump up $200 billion or equivalent in other currencies into the global financial market to keep everything nice and toppy. And I think the context I keep referring to is: Why is this happening?
Well, they can’t possibly let anything fall because if it does, then everything that’s dependent on those super high valuations becomes untenable, or becomes insolvent. For instance, all the pension plans in the world and all that mortgage debt that’s piled up on all that inflated real-estate — that quickly becomes negative equity. And so they really have no choice; as you’ve discussed for many, many years they can’t let it drop.
But it’s going to eventually reach a point where it falls in on itself, like a super nova, regardless of how much more they put in. And so we’re in a weird contradictory state where it can’t be allowed to drop, but it can’t go on forever. So
by jadequeen 
