Crooner Don Ho almost got it right in his signature song ‘Tiny Bubbles.’ But it is now ‘BIG BUBBLES in the economy, make me nervous all over, with a feeling that I’m gonna lose it it all.’
Check it out. Home prices are seemingly unstoppable and the S&P500 index is relentless. The unstoppable asset price bubbles started in the mid-1990s when M2 Money Velocity peaked. The housing bubble burst then rallied back it bubble levels again, but the stock market has outpaced its former glory.
This post was published at Wall Street Examiner by Anthony B Sanders ‘ November 1, 2017.