WARNING: Bond Market Is A Bomb. The Global Financial System Is Terminal. By Gregory Mannarino

In terms of the so-called economic “recovery,” Gregory Mannarino of TradersChoice.net says, “We are going nowhere. We got consumer spending falling off a cliff despite the promise we heard from the mainstream that people were going to be saving cash at the pumps and we were going to be spending it on other things. . . . We got manufacturing falling off a cliff. Exports are falling off a cliff. We’re in decline. There is no doubt about it, and they bare blaming the weather and everything they can think of to try to get people to believe this is a good economy. This is the new norm, and I don’t see how people can believe the nonsense anymore. This is it. The new norm is what we have now. . . . This is a set up for a massive downside move with asset prices.”