5/2/13 PonziWorld: Life Inside The Bubble - No one saw it coming
This is the third and last monetary stimulus fueled bubble. Unlike the last two credit bubbles, this time, no one can point to any ubiquitous signs of "excess". That's because the prevailing consumption-oriented lifestyle is the excess - our presumed way of life is the final bubble. To believe in the status quo is to assume that we can borrow from Third World wage slaves indefinitely. The unmistakable indicator of unsustainability is that each bubble has required a vastly greater amount of monetary stimulus than the previous one - which only drives asset speculation rather than sustainable economic growth. The majority can't see the bubble, because they are living in it...
http://www.ponziworld.blogspot.com/2013/05/no-one-saw-it-coming-part-3.html
On this S&P 500 chart, note that the height of each bubble is higher than the previous one. Also note that the depth of the 2nd decline is lower than the first. If trends follow, the depth of the next decline will be lower than the 2nd.
Edit history
Recommendations
0 members have recommended this reply (displayed in chronological order):
= new reply since forum marked as read