The Economy, the War, and the Fed

Betting against the prevailing illusions fostered by the mainstream US media is getting easier as the illusions are dying:

The illusion that the US economy will continue to grow is dying with the report that the economy shrank 1.4% in Q1 of 2022. Because the stock market remains grossly overvalued (the S&P is over 4 times book value) the odds are very h…