“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”
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The signs of an epic bubble of historic proportions are everywhere.
The stock market is a bubble, with valuations exceeding 2001. Margin debt is at all-time highs. The bond market is a bubble, with the Fed artificially suppressing rates and pumping trillions of QE into Wall Street. Housing is experiencing another bubble, with prices now far exceeding the 2005 peak. Bitcoin and the rest of the crypto-currencies are a bubble, being driven by the excess liquidity sloshing around the system.
SIGNS, SIGNS, EVERYWHERE SIGNS blacklistednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blacklistednews.com Daily Mail and Mail on Sunday newspapers.
“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”
― John Kenneth Galbraith, A Short History of Financial Euphoria
The signs of an epic bubble of historic proportions are everywhere. The stock market is a bubble, with valuations exceeding 2001. Margin debt is at all-time highs. The bond market is a bubble, with the Fed artificially suppressing rates and pumping trillions of QE into Wall Street. Housing is experiencing another bubble, with prices now far exceeding the 2005 peak. Bitcoin and the rest of the crypto-currencies are a bubble, being driven by the excess liquidity sloshing around the system. A joke crypto currency like Dogecoin soars into the stratosphere because money has no meaning anymore.
Biden demands that physicians perform religiously offensive surgery americanthinker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanthinker.com Daily Mail and Mail on Sunday newspapers.
Prince s autopsy five years after singer s tragic death from accidental drug overdose
It has now been five years since the legendary singer Prince passed away from an accidental drug overdose. Daily Star takes a look at the tragic event, and the lead-up to his death
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American singer-songwriter Prince was one of the world’s most prolific and adored musicians of his time. The star was renowned for his astounding contribution to music which led him to have an incredibly successful career that spanned over 40 years.