Authored by Matthew Piepenburg via Von Greyerz,
With everything from yields, fuel prices and populism rising with open elan as trust in U.S. leadership sinks to an historical nadir, most would agree that we are experiencing a palpable as well as intuitive feeling of what George Lucas might otherwise describe as a "disturbance in the force."
Markets, led today by a narrow handful of tech juggernauts, continue their nervous melt-up despite openly embarrassing indicators of both over- and malinvestment, as yet another game-changing technological wave of AI dystopia seduces the retail plankton into a textbook setup for an historical meltdown.
In the interim, a small minority of early IPO participants and C-suite insiders with advantageous access to easy capital from the big, credit-extending banks will make fortunes.
Unfortunately, small businesses across the rest of the ignored landscape of the American nightmare just posted a 64% Year-over-Year increase in bankruptcy filings.
From Capitalism to Neo-Feudalism
Such trends, numbers and "forces" are screaming indicators of what I have long described as an America whose superficial claims of "capitalism"
