"When you live in a bubble, everyone is delusional..."-Nouriel Roubini, May 11 2010 Charlie Rose interviewMany 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