By Steve Blumenthal
“If zero or negative interest rates actually fixed what’s broken in the economy, we’d all be living in Paradise after seven years of zero interest rates.”
– Charles Hugh Smith (blog)
I am up early, in my favorite chair and loving the coffee that Susan just made for me. It’s quiet and it’s Friday. Happy. I hope you are as well.
Ticking down the check list, following is my personal view on what is happening in the markets and what the road ahead may look like:
- The commodity bear market remains. Started in 2011, the average bear market lasts approximately 19 years.
- Oil is a mess (except for you and me and our wallets at the gas pump). Overall, still an...

