|We have had many bubbles since 1980 and most of them have had names. The DotCom Bubble is most memorable. The Real Estate Bubble was not quite as catchy. But, for the current bubble, we have what should be a great name to nominate: The Ben Bernanke Bubble.
Bernanke believes that inflation is the tool to defeat a deflationary depression. And, he's printing money to fight deflation to prove his point. So far, we have to admit he's winning the battle. The jury is out on whether he's winning the war. At some point we suspect that victory will turn suddenly to defeat as inflation triumphs over deflation and quickly turns to hyperinflation.
But, for now, enjoy the Ben Bernanke Bubble while it lasts.
Friday, May 17, 2013
This Stock Market Bubble Needs a Name
Posted by Unknown at 16:10