In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- Growth Is Gone
- GDP is growing at a 0.4% annual rate
- Folly & A Finite Planet
- Our blind pursuit of external growth is dooming us
- Bubbles Create Bad Decision-making
- And we are in the biggest bubble yet
- The Panama Papers
- Yep – the rich *do* play by different rules
Over the past month and half, the stock market engineered the biggest recovery rally in history. Valuations are near or at all-time highs across stocks, real-estate and other widely-held assets around the world.
And yet, the Atlanta Fed GDPNow model shows the US economy is growing at the anemic annualized rate of 0.4%.
Sky-high valuations and moribund economic growth cannot exist together for long. One side, mathematically, needs to win out.
Of course, Chris and John are squarely in the camp of those predicting a massive correction in prices.
by bankers-slave-2 
