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Asset Bubbles And Their Immense Implications

"When you live in a bubble, everyone is delusional..."
                    -Nouriel Roubini, May 11 2010 Charlie Rose interview
Many people fail to see any asset bubbles in our current economic environment.  Others see isolated asset bubbles.  As I have previously stated in the April 8 post,  “Our societal inability to spot and prevent asset bubbles is problematical.”

I have written extensively about the existence of asset bubbles.  The topic is of critical importance as their widespread existence precludes the possibility of Sustainable Prosperity.

Disclosure: No securities mentioned