Tag Archives: #assetbubble

“The final outcome of the credit expansion is general impoverishment.”

Ludwin von Mises, “Human Action” The Ruling Junta installed by The Party has been quite busy: Rejoined the Paris Climate Accord which promises to raise US energy prices with no impact on climate Rejoined WHO after they allowed China to export a virus that killed over 2 million people and crashed the US economy TerminatedContinue reading ““The final outcome of the credit expansion is general impoverishment.””

Gonna Party Like It’s 1999

Here’s The Contrarian on the current asset bubble we’re in: The U.S. stock market and U.S. bond market are historically overpriced, and real estate is at the high end of the valuation scale too. Starting valuations are so poor that seven-year real return forecasts are direr than they were even in 2000 and 2008. InContinue reading “Gonna Party Like It’s 1999”

Asset Bubble Dynamics

J. Wolinsky: “Based on the dot.com experience, popping bubbles are often associated with the complete collapse of companies like eToys, Pets.com or Webvan, but that is as much the exception as the rule. It is equally common that following an immense and unsustainable rise in stock price, the bubble pops without much change in the operationsContinue reading “Asset Bubble Dynamics”

Random Walk Down Wall Street

Jeremy Grantham (GMO): “My confidence is rising quite rapidly that this is, in fact, becoming the fourth ‘real McCoy’ bubble of my investment career.  The great bubbles can go on a long time and inflict a lot of pain, but at least I think we know now that we’re in one.” Ask any sailor whenContinue reading “Random Walk Down Wall Street”