We don’t see any bubbles (’00, ’07,’18)…the Fed is not the cause of inequality….we don’t manipulate markets ($15T glbl QE+0% rates)…inflation is too low!

“We don’t see any bubbles (’00, ’07,’18)…It will all trickle down…. QE1 is working, no QE2 is working…no, surely QE3 will work…the Fed is not the cause of inequality….we don’t manipulate markets ($15T glbl QE+0% rates)…inflation is too low!” H/T: @OccupyWisdom chart

David Rosenberg: I’m accused of ‘confirmation’ bias and yet last I saw, the broad NYSE composite is no higher today than it was back in December, and has not made a new high since Jan 26th. Sounds a whoooole lot like a classic topping pattern. Think 1989, think 2000, think 2007.

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