The Staggering “Powell Bubble”
Just another economic bubble on top of others.
(From Zerohedge)
With three in four finance professionals convinced that Fed is behind the current rally thanks to an unprecedented firehose of liquidity which is anywhere between $8 and $12 trillion based on asset purchases, backstops, and guarantees, there is no denying that what we are experiencing now is a continuation of the bubble spawned by Bernanke in 2008, nursed by Yellen and now desperately defended by the same Powell who back on October 23, 2012 said “I think we are actually at a point of encouraging risk-taking… investors really do understand now that we will be there to prevent serious losses.”
So how does one quantify or visualize just how big the “Powell Bubble” is?
Reprinted from: https://www.ac2news.com/2020/06/the-staggering-powell-bubble/
