Bank of America Warns of Imminent Recession: Market So Fragile Its Downright ScaryBy Mac Slavo The Feds 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 cant or wont 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. Via CNBC: We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand, Bank of America-Merrill Lynchs head of U.S. equity and quantitative strategy Savita Subramanian recently warned on CNBCs Fast Money. [] What scares me is the market been so fragile. So, remember what happened in January? We got a whiff of bad news and all of the sudden the market is at 1800, she saida move that augured poorly for the near-term. I think that speaks to the reaction function of the market. There are a lot of itchy trigger fingers. Theres lot of violent trades that can really roil a fairly complacent environment. Not only are the markets ready for disaster, and essentially only waiting for a flashpoint to initiate crisis, but the shift in investment that has been directed by QE3 has rendered the private sector, job-creating economy doomed to fail. Bank of America isnt the only Wall Street bailout recipient to warn about what is coming. JP Morgan Chase has signaled a volatile crisis and the end phase of the Federal Reserves failed stimulation experiment, and Goldman Sachs went so far as to warn that we are entering the a Third Wave of financial crisis, of which 2008 was merely the first chapter. The head of the investment banking firm Macquarie Group went even further, cautioning that we are witnessing nothing short of a terminal economy one which they very well might not be able to put back together again: Sadly, the forecast is much darker, and the next financial collapse much deeper than almost anyone has prepared for. The outlook from this global strategist at the Macquarie Group is beyond doom and gloom it is a literal existential crisis. via the Epoch Times: Enter Viktor Shvets, the global strategist ofthe investment bank Macquarie Group Global central banks with their easy money policies of negative interest rates and quantitative easing are working against a debt deflation scenario, with limited success, according to Shvets. That was the entire idea of aggressive monetary policies: Stimulate investment and consumption. None of that works, there is no evidence. It can impact asset prices, but they dont flow into the real economy, he said. [] The private sector will never recover, it will never multiply money again, he told Epoch Times in an interview. His main theme is the declining return on humans, which means that in todays digital world, normal humans dont grow productivity fast enough to justify more jobs and higher wages as the machines are taking over. There is no productivity on a global basis. Secular stagnation, technological shifts, monetary policy, all are suppressing productivity growth rates, he says. So much for the recovery. By the time the corporate news feeds, politicians and central banks admit we are officially in a recession, chances are that the majority of Americans will already be coming to grips with the extreme downsides of a prolonged depression where nothing flows easy, and everything becomes a struggle. Prepare yourself for the worst and divest in your dependence upon the system as much as possible. Read more: Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary. Image Credit: Pixabay.com Obama and Hillary to prison. AND with Wells Fargo ripping off Americans and then Firing 5,000 plus employees as scapegoats for their own fraudulent behavior, it just gets better and better dont it? Another headline !! No solution Martin Armstrong rules ! The sooner these satanic unholy banks fail and take their masters with them the sooner a thousand years of peace will commence. Banks that are too big to fail. right. The sooner the zentral banks collapse and take their unholy owners with them, the sooner a thousand years of peace and prosperity will commence. 