"We Are In A Giant Ponzi Scheme, The Physical Economy Is Not Growing"

Trump signing legislation about NASA. The MAGA agenda has some good ideas like returning to manned outer space exploration to the Moon and Mars, as well as reinvesting in America's dilapidated infrastructure. But the Federal Reserve/central banks historic Ponzi scam bubble must burst regardless.

Trump signing legislation about NASA. The MAGA agenda has some good ideas like returning to manned outer space exploration to the Moon and Mars, as well as reinvesting in America's dilapidated infrastructure. But the Federal Reserve/central banks historic Ponzi scam bubble must burst regardless.

Morgan Stanley Out of Junk Debt, Which It Expects To Crash

Jan. 5, 2018 (EIRNS)—A day after releasing a research note warning of a crash in high-yield debt, Morgan Stanley announced Jan. 3 that its $2 trillion-assets wealth management division has gotten completely out of junk debt markets.

"We recently took our remaining high-yield positions to zero," said chief investment officer Michael Wilson. Wilson said the bank expected it to be "much tougher to make money" on credit markets, "as the risk of a recession comes closer."