Article From Zerohedge.com
Never before in US equity market history was there as great a disconnect between economic reality and equity prices as now…
At a time of economic collapse and likely protracted US Depression, market valuations are at or near all-time highs.
Yet market valuations are at levels that suggest double-digit earnings growth ahead — despite evidence indicating protracted economic Depression, mass unemployment, along with reduced business and consumer spending.
In today’s world gone mad, what was unimaginable during my long ago boyhood, adolescence and youth is happening in real time.