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Trends watcher Gerald Celente says "the entire financial system is collapsing." Ponzi scheme economics alone keeps it afloat. What can't go on forever, won't. Collapse will come in the fullness of time.
On February 8, Money Morning chief investment strategist Keith Fitz-Gerald headlined "As Insiders Head for the Exits, Do They Know Something 'We' Don't Know."
Whenever markets look "toppy," watch out, he said. Recent insider trades reflect nine sales for every buy. They're more often right than wrong.
Aggressive selling suggests a "looming correction in the works." Markets expanded despite "seriously flawed fundamental data," money printing madness, "political disarray," and Wall Street operating unregulated.
Earnings are declining. Forward-looking forecasts dropped sharply. Insiders have firsthand knowledge. Markets react in their own way and time. Manipulation affects performance.
Forewarned is forearmed. Trouble often comes when least expected. Rosenberg said the combination of tax hikes, higher food and gas prices, and "looming government spending squeeze" portends "challenged" consumer spending.
Far more looks troubling than promising. Media scoundrels won't say. Nor do corrupt politicians and central bankers. They're waging financial war on humanity.
Neoliberal priorities let essential public needs go begging. How much more people will take before erupting remains to be seen. The longer fiscal pain continues, the closer an ultimate day of reckoning approaches. It'll arrive disruptively.
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