Those who live by the bubble die by the bubble...
Asset Inflation has been the essence of the US economy for far too long...
Of course this was only possible because globalism allowed the off-shoring of most "good" American jobs...and thus the decline in "bad inflation"...or the kind of inflation that effects ordinary people in the market place....butter & eggs inflation.
Amazingly MASSIVE ASSET INFLATION has never been seen as "evil" by the US FED...! But both kinds of inflation good and bad are really the result of hyper-liquidity by the central banks...
And the US FED has not only been printing money for the US Bubbles...but also the GLOBAL BUBBLES...IN CHINA AND ELSEWHERE...
THIS CURRENT CRISIS COULD BECOME THE S&L CRISIS...ON STEROIDS!!
