Stock Market Bubble

If you haven’t already figured this one out, now you can say you heard it here first: we are witnessing a classic stock market bubble…and it is getting ready to burst.

The reasons are simple:

  1. moral hazard resulting from Obama’s refusal to prosecute financial criminals;

  2. the heedless printing of money by the Fed for transfer not to the people but to Wall St. casinos;

  3. a rapidly rising stock market in the absence of rising production;

  4. the failure to implement a clear, enforceable set of anti-fraud regulations to hinder a repeat of 2008.

______________

P.S. The separate but equal European financial cancer seeping north from Greece and Cyprus and Italy and Spain will not make matters any better.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s