“One of the men that won the Nobel Prize for economics this year says that ‘bubbles look like this’ and that he is ‘most worried about the boom in the U.S. stock market.’
But you don’t have to be a Nobel Prize winner to see what is happening.
It should be glaringly apparent to anyone with half a brain.
The financial markets have been soaring while the overall economy has been stagnating.
Reckless injections of liquidity into the financial system by the Federal Reserve have pumped up stock prices to ridiculous extremes, and people are becoming concerned. In fact, Google searches for the term ‘stock bubble’ are now at the highest level that we have seen since November 2007,” quoting The Economic Collapse.