This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.
US Supreme Court Justice Potter Stewart once stated that with regard to obscenity, “I know it when I see it.” The same goes for asset bubbles. I know one when I see it.
The Wilshire 5000 stock index to nominal GDP ratio is now at an all-time high.
Justice Stewart was referring to pornography, not asset bubbles.
Liquidity moves markets!Click here to learn how you can follow the money.
Have a safe Fourth of July.
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