12/12/17

Three Bubbles/Strikes and You’re Out



----
Three Bubbles/Strikes and You're Out
// Silver For The People

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, DECEMBER 11, 2017

Those betting on a fourth bubble of even greater extremes will find their time at bat has come to an end.
The conventional investment wisdom holds that central banks will never let markets decline. This is an interesting belief, given that two previous asset bubbles based on central bank "easy money" both imploded, impoverishing believers in central bank omnipotence.
***
So perhaps we can say that the conventional investment wisdom holds that any asset bubble that bursts will quickly be reflated into an even more extreme asset bubble. That's certainly been the history of the past 17 years.

READ MORE

The post Three Bubbles/Strikes and You're Out appeared first on Silver For The People.


----

Read in my feedly


Inviato da iPhone
Posta un commento