How big is the asset bubble? This big:
Household financial asset levels now nearly 5 times the size of the underlying economy.
Also knows as too big to fail on steroids. pic.twitter.com/OmvRVwaTzE
— Sven Henrich (@NorthmanTrader) November 9, 2021
The HELOC ATM machine is back. pic.twitter.com/HKEFaY7k92
— SolidusMax (@SolidusMax) November 9, 2021
spicy https://t.co/8PWVRajif4
— 🔴 I. Vodenitcharov CFA CMT (@iv_technicals) November 9, 2021
The most intoxicating feature of mania is buying into the fallacy that "fundamentals" created the paper gains in your brokerage account. To sell, they'd have to face the fact that they simply got lucky. Too painful. So, they'll cite "fundamentals" all the way back to zero. https://t.co/fWJDUEyMs7
— Ross Hendricks (@Ross_Report) November 9, 2021
Fed Warns of Peril in Run-Up of Risky Asset Prices, Stablecoins…