The Greatest Bubble Ever: Why You Better Believe It, Part 1
Saturday, December 30, 2017 1:17
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“The Greatest Bubble Ever: Why You Better Believe It, Part 1″
By David Stockman
“During the 40 months after Alan Greenspan’s infamous “irrational exuberance” speech in December 1996, the NASDAQ 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry: ‘This time is different-it’s a new age of technology miracles that will change the laws of finance forever.’
It wasn’t. The market cracked in April 2000 and did not stop plunging until the NASDAQ 100 index hit 815 in early October 2002. During those heart-stopping 30 months of free-fall, all the gains of the tech boom were wiped out in an 84% collapse of the index. Overall, the market value of household equities sank from $10.0 trillion to $4.8 trillion – a wipeout from which millions of baby boom households have never recovered.
Likewise, the second Greenspan housing and credit boom generated a similar round trip of bubble inflation and collapse. During the 57 months after the October 2002 bottom, the Russell 2000 (RUT) climbed the proverbial wall-of-worry – rising from 340 to 850 or by 2.5X.
And this time was also held to be different because, purportedly, the art of central banking had been perfected in what Bernanke was pleased to call the “Great Moderation”. Taking the cue, Wall Street dubbed it the Goldilocks Economy – meaning a macroeconomic environment so stable, productive and balanced that it would never again be vulnerable to a recessionary contraction and the resulting plunge in corporate profits and stock prices.
Wrong again!
During the 20 months from the July 2007 peak to the March 2009 bottom, the RUT gave it all back. And we mean every bit of it – as the index bottomed 60% lower at 340. This time the value of household equities plunged by $6 trillion, and still millions more baby-boomers were carried out of the casino on their shields never to return.
Now has come the greatest central bank fueled bubble ever. During nine years of radical monetary experimentation under ZIRP and QE, the value of equities owned by US households exploded still higher – this time by $12.5 trillion. Yet this eruption, like the prior two, was not a reflection of main street growth and prosperity, but Wall Street speculation fostered by massive central bank liquidity and price-keeping operations.
Nevertheless, this time is, actually, very different. This time the central banks are out of dry powder and belatedly recognize that they have stranded themselves on or near the zero bound where they are saddled with massively bloated balance sheets.”
Please read the rest of this lengthy and excellent economic analysis here:
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So, please stop saying, “Oh, that could never happen here!” when the subject of economic collapse is brought up. It can, and it has before, in fact it’s inevitable and unstoppable, but never on a global scale like this monster. This one, a total collapse, will make previous crashes look like a Sunday School picnic in the park. How’s $2.2 QUADRILLION in derivatives work for you? And, in the words of that old rock song, “You ain’t seen nothin’ yet!” But you will, much sooner than later, too… – CP
Since you insist…
Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2017/12/the-greatest-bubble-ever-why-you-better.html
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Doug Casey On The COMING FINANCIAL CRISIS: “It’s A Gigantic Accident Waiting To Happen”
Via CaseyResearch.com,
Justin’s note: Earlier this year, Fed Chair Janet Yellen explained how she doesn’t think we’ll have another financial crisis “in our lifetimes.” It’s a crazy idea. After all, it feels like the U.S. is long overdue for a major crisis. Below, Doug Casey shares his take on this. It’s one of the most important discussions we’ve had all year.
(If you missed the first two interviews from this series, you can catch up here and here.)
Justin: Doug, I know you disagree with YELLEN. But I’m wondering why she would even say this? Has she LO$T HER MIND ?
Doug: Listening to the silly woman say that made me think we’re truly living in BIZARRO WORLD.
It’s identical in tone to what stock junkies said in 1999 just before the tech bubble burst. She’s going to go down in history as the modern equivalent of Irving Fisher, who said “we’ve reached a permanent plateau of prosperity,” in 1929, just before the Great Depression started.
https://www.zerohedge.com/news/2017-12-29/doug-casey-coming-financial-crisis-its-gigantic-accident-waiting-happen
* * *
POWER$ THAT BE Delete Key Portion Of Michael Belkin’s Audio Interview They DID NOT WANT BROADCAST TO THE PUBLIC
Bernanke repeatedly said
FED POLICY is 98% TALK 
2% ACTION. 
All they care about is CREATING FALSE CONSENSUS EXPECTATIONS $O THEY CAN MANIPULATE MARKET$.
Behind closed doors they know exactly what I’m saying is true, that A RECESSION IS APPROACHING and they will have to reverse monetary policy, but THEY DON’T WANT YOU TO KNOW IT.
https://kingworldnews.com/powers-that-be-delete-key-portion-of-michael-belkins-audio-interview-they-did-not-want-broadcast-across-the-world/
* * *
Additional info:
Michael Belkin refers to..x au….= STOCK EXCHANGE Australia.
Australia is “apparently” the largest GOLD PRODUCER after China and, Michael Belkin is expecting a SIGNIFICANT RISE in
Australian GOLD mining SHARES.
Should anyone be interested in looking at….
Junior mining 
STOCKS……listed on Australian Stock
Exchange….aka…..EARLY STAGE miners (Speculative investments)……here is a link;
http://www.juniorminers.com/asx_a.html
* * *
Mining CLAIMS for SALE !
http://www.juniorminers.com/forsale.html#axzz52kSkgqVH
The banks and the petrodollar are the biggest bubble by far.
no bubble the stock market will see 40k, these fools have been wrong for years and cost be a fortune..DO NOT LISTEN TO THIS GARBAGE