Mania Unwound

Today we are seeing the first indication that the total funding of the economy which has been massively built around leverage, is coming unwound.

See the chart below that we have shown many times. It is the total of all economic funding of all market sectors, including FED liquidity and Speculative leverage, The initial peak was on August 7, 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *

five × 3 =