Financial Asset Prices Are More Divorced From Economic Reality Than Ever

You would never know it listening to the market cheerleaders but asset prices, both real and financial, are, once again, at extreme valuation levels relative to the trend economy.  The valuation reality coupled with the prevailing, but false, “don’t worry” market narrative sets us up for another major financial crisis....

 

https://macromon.wordpress.com/2018/06/25/asset-prices-divorced-from-economic-reality-more-than-ever/

 

 

 

 

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