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Politico/Ben White/3-1-2021
“Giant bubbles are once again inflating all over the financial world — creating a potential problem for Washington in the coming months. From meme stocks to cryptocurrencies, tech stocks and the rage for ‘Special Purpose Acquisition Companies,’ or SPACs, risks are clearly rising. Wall Street pros and Washington policymakers know that some or all of these bubbles could explode in spectacular ways. But nobody really knows what to do about it.”
USAGOLD note: It’s not like any of this is new except for the fact that the market itself is pushing up interest rates – that’s new and it’s a clear and present danger to the stock market bubble, particularly when you blend the level of leverage deployed throughout markets (now roughly $1 quadrillion). The Ramirez cartoon gives it all a sense of proportion.
Cartoon courtesy of MichaelPRamirez.com
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