Telling chart and analysis from a retired Fed member

[Mercury]

Nothing to add to this, just have a read.  I wonder how many retiring Fed members will distance themselves from the current policy?

 

https://app.hedgeye.com/insights/50884-hedgeye-guest-contributor-thornton-my-scary-chart

 

Also from Hedgeye the following cartoons nicely sum things up in the world of fundamentals (if nothing else they are **** funny!):

 



 

[Mercury]

Yeah I guess he is suggesting that something needs to act as a catalyst for fear to take over but I wonder if we aren't already on the way and all we need is a nudge over the edge (the Black Monday moment).  The crash is never just one day but a slow, gradual at first, keeling over until the market is gripped in the gravitational like pull and a race to the bottom begins with a bang.  The last 2 busts took 18 months and 2.5 years (working backwards) from high to low.  I suspect this one will be similar in profile, though it may go further and last longer...