Yes, This Is A Bubble?
But It’s Probably Got Much Further To Go
Most investors would agree that bubbles are liquidity phenomena and specifically caused by excessive liquidity. It seems curious that some of the latest ruminations about whether or not asset prices are in a bubble don’t mention liquidity! We can correct this…
Keep reading with a 7-day free trial
Subscribe to Capital Wars to keep reading this post and get 7 days of free access to the full post archives.