POWELL: NO ONE CAN REALLY IDENTIFY AN ASSET BUBBLE
Greenspan '07 speech: US GDP wasn't growing 3%, it was growing less than 1% absent mort.equity withdrawals. In '08 we crashed. Since then $10T -> $30T in debt (just to grow weak 2%), $29T glbl QE, 0% rates. Weakest recovery vs👇 pic.twitter.com/LqMO7V6dja
— M/I_Investments (@MI_Investments) February 24, 2021
Fed officials have no choice BUT to deny, deny, deny…
We will look back on this one day and NOT laugh. https://t.co/NjWVfgAOSj
— Danielle DiMartino Booth (@DiMartinoBooth) February 24, 2021