Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley Voodoo economics and tariffs - a surefire recipe for recession. Let's hear it for Brokeahontas!
I absolutely agree with them,the stock market is driven up by corporate borrowing to artificially jack up share prices while in reality weakening the corporate financial picture.
Can we pause for just a moment and question the ‘truth’ economics is a science. Any collective movement induced by a species that defies the laws of supply and demand needs to be viewed with some suspicion. When Adam Smith first formulated the theory that in a free enterprise world participants would always behave out of rational self interest he was being more than just a little optimistic, he was dreaming. Consider for instance the Global Financial Crisis and the seldom acknowledged fact the perpetrators of that train wreck weren’t jailed, they were bailed out at taxpayers expense. Rational?