IN THE ERA OF BUBBLES...WE KNOW HOW TO MAKE THE NEXT ASSET BUBBLE...
WALL STREET IS AWASH WITH NEW MONEY...NEWLY PRINTED MONEY... HANDED OVER INTEREST FREE....BY THE FED AND WASHINGTON.
SO, THE BUBBLE IS BACK...
BUT HOW DOES THE BUBBLE DISSIPATE INTO THE REAL ECONOMY THIS TIME...?
AND, IS JUST ANOTHER BUBBLE THE WAY TO GO...? WILL IT "WORK" THIS TIME...?
THE TOUTS ARE OUT IN FORCE...TO HYPE THE NEW BUBBLE...
THE PROBLEM IS THE THE AMERICAN CONSUMER HAS BEEN BEATEN SENSELESS...
YES...A FEW CONSUMERS "FEEL RICHER" WITH THE NEW STOCK BUBBLE...
BUT, THE MEMORY OF BUBBLES PAST...AND THEIR DISASTERS...IS STILL TOO FRESH...
THE REAL QUESTION FOR 2010...IS CAN A BUBBLE EXIST SIDE BY SIDE WITH A COLLAPSED REAL ECONOMY....?
SO FAR...SO GOOD... BUT 2010 IS A LONG TIME COMING...CAN THE FANTASY SURVIVE...?
