One would think as ‘canary’ after ‘canary’ falls silent either sickened with laryngitis, or worse – completely comatose, that those on Wall Street as well as the financial media itself would not only have seen, but heard, many of the warning calls that have been obvious for quite some time. Yet, history always shows; not only do they not see, but more often than not – they don’t want to see, nor hear the warning calls.
Even when all the warning signs are screaming danger – not only are they ignored, they’re explained away as if those which saw or heard them, should be ignored as they’ll contend not only did one not see; but couldn’t see.
What they’ll propose is: ‘That was not a ‘canary’ but rather a ‘dodo.’ After all, with a Fed that’s as interactive as this one currently is, surely what they believe they heard, or saw is impossible. For people say they’ve spotted warning signs in these ‘markets’ for years, and none have yet produced a crisis because – they’re now extinct! ‘ Yet, the wheezing sounds of many a Wall Street songbird has been apparent for quite a while. Again: If only one would care to look or listen.
Back in April of 2014 in an article titled ‘The Scarlet Absence Of A Letter of Credit’ I opined a few scenarios as to why this seemingly dismissed revelation by the so-called ‘smart crowd’ should not go unnoticed. For the implications may very well portend far greater reasons too worry in the coming future. Below is an excerpt. And let’s not forget this is some 16 months ago. When the financial media et al were still reciting in unison the wonders to which, ‘China will be the economy that leads us out of this current malaise.’
This post was published at Zero Hedge on 08/09/2015.
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