You've heard me teach this. https://www.zerohedge.com/markets/four-dynamics-bubbles
Great article! Their 4th one is oh so true: "Nobody believes bubbles can burst until it’s too late to get out unscathed." Sean, thanks for the education. Best Regards, Jon
Add in to all of this that the business sector tries to reduce its tax obligations by reducing their margins. True, they should increase their technological capabilities, but would be wiser to invest in their human capital via training opportunities and wage increases.
I'm thinking of one of the movies about the last crash, as the guy who was highlighted having an anti-mortgage fund was bashed and bashed, and in the end showed it up over 900% at the end. All of this stimulus world-wide, negative rates (which I was taught in economics classes in the 90's at Cornell could never happen), stock buybacks, our economy being based on consumer sentiment, it seems like an awfully slippery slope.
Yeah, professors rarely get it right when it comes to investing. I had to retrain college grads all the time to what really works, when I worked for a forex/currency trading firm.