Financial assets as a percentage of economy hit all time high

"This time it's different," say supporters, as they did in 2000. Dot-com stocks, it was said at the time, could go to the moon and beyond because the Internet will continue to expand for decades. The assertion that the Internet would continue to expand was correct, but the assumption that this growth would send stock … Continue reading Financial assets as a percentage of economy hit all time high

Housing bubble #2 appears

According to today's National Case-Shiller Home Price Index for "February," which represents the rolling three-month average of sales reported in public records in December, January, and February, house prices rose 12.0% from a year earlier, the largest rise since February 2006, near the height of Housing Bubble 1.