Behold The “Wealth Effect”: Weakest Force In The Financial Firmament

We know unambiguously that the recovery and “boom” period after the 2001/dot-com recession was the worst in American history. Yet, that occurred directly alongside an asset bubble of biblical proportions. In other words, it took asset inflation on an immense scale to generate even the relatively weak economy that we saw last decade.
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.