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SNAFU
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The Fed Has Bankrupted the US In Order to Create Another Bubble - Graham Summer - Gains Pains & Capital

Time is of the essence. We are many here to have made the mistake to believe inevitable means imminent.

Commented 2540 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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