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>The Fed Has Bankrupted the US In Order to Create Another Bubble - Graham Summer - Gains Pains & Capital
I believe this bubble will pop, the big question is when. I underestimated the power of the Fed and monetary policy. I believe that during the Weimar hyperinflation stocks screamed higher since they represented a tangible asset, far superior to a rapidly depreciating currency.I don't know the ultimate fate of these newly rich investors. Will it be the same way here once the dollar loses its reserve currency status against possibly a gold backed Yuan. Any thoughts Graham?

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2547 days ago
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Beginning of the headline :Yesterday’s article caused quite a stir. If you missed it, you can read it here. The basic premise is that when you value the stock market based on objective metrics that cannot be fudged, it’s more overpriced than it was at the 2007 peak and is rapidly approaching the 1999 peak. However, the underlying reason that stocks are so ridiculously overpriced has to do with another asset class: bonds. The fact is that by keeping interest rates at zero for seven years, the Fed has created a bubble in bo... Read More
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