Ryan Foreman wrote:
Ghost of Igloi wrote:
Good to see you back. In my view bubbles need a belief that nothing fundamental matters. Add to this a decade of Central Bank policy that encouraged investors to move up the risk curve in every asset class. Should it really be surprising that investors are narcotized to risk?
Here is a question to ponder.
Can bubbles exist anymore if central banks are ultimately going to buy $trillions of a bad bank's trash?
That's not how bubbles work and there's been several bubbles that have burst since 2008.