“Certainly, since the events of 2008, the “audience” has been only too happy to accept as perfectly normal many situations that previously would have had them stalking out of the theatre in droves.
I have covered many of these improbable situations in the pages of Things That Make You Go Hmmm… as well as in my various presentations, but the key point bears reinforcement: we are living in the midst of a gigantic laboratory experiment with all the attendant possibilities of something going BANG!
The more I ponder the situation in which the world finds itself as we approach the fifth anniversary of the Lehman bankruptcy, the more it is apparent to me that the deus ex machinae being dropped into each and every market around the world right now by our central banks, are dangling from a very rickety crane indeed.”
via Deus Ex Machina | Things That Make You Go Hmmm… Investment Newsletter | Mauldin Economics.