Bank of America warns of imminent recession: “Market so fragile… it’s downright scary”

germany-642435An official wave of “recession” is nigh, and the potential for financial fallout and further hard times is perhaps imminent. The Fed’s disastrous rescue plan after the 2008 financial crisis has left the U.S. economy in a fragile and vulnerable state. Unlimited quantitative easing, or easy money for those at the top of the heap, have redirected investment into sectors that can’t or won’t stimulate the real economy that affects “everyday Americans.” No jobs. Frozen wages. Mounting living costs. And an exploding debt bubble in several areas. You know the drill. Now, even the banksters steering the system are being forced to admit that central bank efforts have failed to “stimulate demand,” and that a contracted and dried up economic landscape is giving way to another step backwards – a recession that no one can sweep under the carpet. Read More