Do yourself a favor and watch the entire video interview below. Karl Denninger is one of the smartest guys out there when it comes to financial analysis. His view of the crash now underway is downright scary.
From the interview source:
Financial analyst Karl Denninger has never bought the so-called “recovery” story. Just the opposite is happening right now. He says, “When you look at these indices in the context of the last three or four months, what you see is a deteriorating picture . . . deteriorating employment, deteriorating final demand, deteriorating basically everything.” So, will the Fed print even more money? It might, but Denninger says it won’t help, “We’re seeing the leading edge of a great deal of softness, and this means the Federal Reserve’s money games have run out of gas.”