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Wednesday, September 20, 2017


It wasn’t always this way. We never used to get a giant, speculative bubble every 7–8 years. We really didn’t.

 
 

In 2000, we had the dot-com bubble.

 

In 2007, we had the housing bubble.

 

In 2017, we have the everything bubble.

I did not coin the term “the everything bubble.” I do not know who did. Apologies (and much respect) to the person I stole it from.

 

Why do we call it the everything bubble? Well, there is a bubble in a bunch of asset classes simultaneously.

And the infographic below that my colleagues at Mauldin Economics created paints the picture best.

 

 

I don’t usually predict downturns, but this time I bet my reputation that a downturn is coming. And soon.

When there’s nothing left but systemic risk, everyone’s portfolio is on the line.

 

 

Source.  http://www.zerohedge.com/news/2017-09-20/everything-bubble-ready-pop

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