It is exactly for the reasons mentioned above, I strongly feel, that it is not a question of recovery, but actually we are headed for a global recession within a year, and perhaps thereafter, over the subsequent couple of years to a level of unprecedented depression far worse than 1929.The markets at this point in time have been rising only due to pure liquidity, and on the hope of an economic recovery. But, the situation on the ground is far from that.
I have been writing on this topic since Feb 2016, and the latest in this series was written just last month and are part of my Linkedin profile.