The chart shows Fed interest rates and the NASDAQ for roughly the past 25 years – three huge rate cutting cycles, three massive bubbles; two of which have already popped. Think the third won’t pop?

And they are figuring this out now? Pretty amazing lack of self-awareness. The chart shows Fed interest rates and the NASDAQ for roughly the past 25 years – three huge rate cutting cycles, three massive bubbles; two of which have already popped. Think the third won't pop? pic.twitter.com/zcSr6k52Ta

— The92ers (@The92ers) November 27, 2019

Because this is happening despite of a massive liquidity support operations (repo + "Not QE" + rate cuts), it should worry all.👇#economy #bonds #Fed https://t.co/nazGKs1rKi

— Tuomas Malinen (@mtmalinen) November 28, 2019

'Policy makers from European Central Bank and the Federal Reserve are among those raising cautionary flags at potentially unsafe investing stoked by their efforts to flood economies with ultra-cheap money.' https://t.co/IyxqRwApON pic.twitter.com/17W5zPaP1I

— Jesse Felder (@jessefelder) November 27, 2019

From @economics
"Global Risk-Taking Binge Is Worrying #CentralBanks"
Many wonder why it's taken them so long to realize this.After all, it was on the cards years ago (e.g., the analysis in my 2016 book, The Only Game in Town).Well, throughout this experimental journey, they've… pic.twitter.com/kPXjAXz4Li

— Mohamed A. El-Erian (@elerianm) November 27, 2019