You’ve probably seen the Jack Link’s Beef Jerky commercials where unsuspecting campers think it would be fun to mess with Sasquatch – an eight-foot tall, 400-lb. freak of nature.
I like these commercials. What kind of idiot thinks they can get away with that?
When you mess with Mother Nature, she knocks you out with a fist to the face or a kick in the ribs.
And yet it’s a lesson the financial markets are setting themselves up for today – you can’t manipulate the free markets without very serious ramifications.
The latest installment in this much-dragged-out drama is the Chinese. They’ve created a $486 billion fund to buy their own stocks to keep them from crashing. And that’s on top of telling major investors and pension funds they can’t sell their stocks for six months. Oh, and threatening to jail short sellers.
How can they possibly think they can create a 159% stock bubble in one year without Mother Nature showing up to remind them who’s boss?
It’s like central banks think they can keep the economy and a bubble going on short-term life support forever.
This is not an economy. This has become a mutated freak of nature. I might actually start calling