Too much money chasing too many dumb deals. Gee, when have we seen that before? More broadly, easy $ cycles not fueling 70s-style "real #economy" inflation. They're fueling "asset economy" #inflation, underwriting excessive financial engineering, encouraging high-risk lending etc https://t.co/zg4fcbAtVP
— Mike Larson (@RealMikeLarson) October 10, 2019