In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- Too Many Balls In The Air
- The central banks are losing control of them all
- Growing Risk In Europe
- Macron's victory masks huge looming problems
- Without Continued Central Bank Balance Sheet Expansion…
- …The markets will crash
- Things Don't Matter Until They Do
- Why the crash will happen unbelievably quickly
This week Chris and Mish enumerate how completely dependent today's financial market prices are on the continued expansion of central bank balance sheets around the world.
As Chris succinctly puts it:
Understand that, if you think the markets are buoyant, it took over a trillion dollars of central bank printing so far this year, 2017. We’re not that far into the year, but we already have well over a trillion dollars of central bank printing, and that’s what’s out there in the markets right now. Shouldn’t that cause more concern amongst more people? To me, I’m like “really? It takes a trillion to keep this thing just sort of like…” Imagine like a feather that’s three feet above your head and you’re blowing as hard as you can. The markets are that feather.
All of this reinforces the importance of understanding what the central banks next moves are likely to be, and what implications will manifest as a result. If you haven't yet, consider registering for our upcoming webinar dedicated
by cmartenson 
