Wall Street claims surge in stocks is based on rising corporate earnings. Ha!
Stock Market “Exuberance” Drives Merger Valuations to Record High: Dealogic
This isn’t the Industrial Revolution.
Turns out, to keep from deflating, property bubble needs Obamacare.
Debt binge hits limit, with big impact on overall economy. Chilling charts.
Last time automakers tried this was in 2009!
It’s not like Miami hasn’t been through a horrendous condo glut before.
After the credit bubble comes the credit bust.
Gusto for US stocks and bonds dies down quickly.
The Fed caused it, but it won’t do much to contain it.