Recently the Bank of International Settlements (BIS) quite bluntly stated that central banks had, once again, gone too far and blown gigantic bubbles. Of course, they used less direct language — but you don't need a secret central bank decoder ring to know what they're really saying.
We'll get to that very interesting bit of reporting shortly. First, let's look at what they're talking about.
The Big Picture
These days it's difficult to find anything useful to report from the front lines of the world's financial markets. Prices are outrageously elevated in both equity and bond markets, and they only seem to power even higher with every passing day.
As you know, I consider the odds of all this ending badly to be near 100%; for the simple reason that the money printing policies of the world's central banks are only targeting one thing: more economic growth.
Eventually, the world's economy cannot grow any further as it will be limited by energy, water, and other basic material shortages. Quite simply, you cannot grow an economy exponentially forever on a finite planet.
With this big picture view, the more growth they stoke, and the faster they stoke it, the sooner The Big Reset will arrive on our doorstep. The central banks will have won the battle but lost the war. The fallacy of endless growth will finally be revealed in a way that cannot be ignored. And, just like the wake up call of a heart attack — maybe, just maybe — we'll start to collectively change our destructive behavior.
by davefairtex 
