“This Is The Elephant In The Room”: Even SocGen Is Now Calling It A Bubble

Two weeks ago, Janet Yellen finally – and shockingly – admitted that neither she, nor her Fed peers, “fully understand inflation” and that the “shortfall of inflation this year is more of a mystery.” This, after engaging for nearly a decade in actions designed to stimulate said “mysterious” inflation, including injecting nearly $4 trillion in liquidity into the economy. We quickly came to aunt Janet’s rescue, showing in one chart that while the Fed may have failed to stimulate inflation in real economic prices – and especially wages – it had unleashed hyperinflation in asset prices.

This post was published at Zero Hedge on Oct 6, 2017.