Stacy Summary:  I encourage everyone to read John Kenneth Galbraith’s The Great Crash of 1929.  He chronicles headline after headline of this exact nature from 1929 – 1932.  By 1932, the headlines stopped as nobody could any longer muster up any hope.  So, I believe based on history, we have another 18 months of these sort of headlines before people, including headline editors, give up hope.  The reality is that trillions upon trillions of debt is still there, millions upon millions of Americans and Brits, the consumers par excellence, are unemployed and have debts increasing in burden during this deflationary period.  The bottom will come only when hope is not so easy to muster.   A financial news anchor claiming “greenshoots” or the Central Banker saying “all is okay” will cause not a blip on any trading screen because NOBODY will be listening.  Then, perhaps . . .

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