Wednesday, July 1, 2015

Happy Fourth of July (Business Cycle Boom Edition)

This will not end well, the boom-bust cycle never does, but we are certainly in the fireworks stage now.

(Chart via Ed Yardeni)

2 comments:

  1. It matches the stock bubbles for the same periods on all three indexes.

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  2. It has been a 70-year credit expansion. It ended in 2008 and is now being propped up by the Fed.

    ReplyDelete