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The Powellenburg Omen Is Flashing … Again (ECB Balance Sheet Is 79.62% Of European Union GDP) – Confounded Interest

Well, the US stock market is raging along with Federal Reserve monetary stimulus, Federal government fiscal stimulus and a roaring economy.

A note of caution: the Hindenburg Omen chart is flashing … again. It forecast the stock market crash of 2008, but growing monetary stimulus from The Federal Reserve (green line) has helped prevent another correction.

The Shiller CAPE ratio is signalling a correction just like the Hindenburg Omen.

But Fed Chair Powell and Treasury Secretary Yellen along with our free-spending Congress and Administration have nothing on Europe where the ECB’s balance sheet is a whopping 79.51% of European Union GDP! The Fed’s balance sheet is “only” 36.66% of US GDP.

Here is the SS Powellenburg cruising over Wall Street.

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