Friday, 17 October 2014

Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End

By Joseph T. Salerno

There are strong indications that the remarkable run up of asset prices in the last few years is beginning to run out of steam and may be on the verge of collapse. We will leave aside the question of whether the asset inflation is symptomatic of a garden-variety inflationary boom or is a more virulent bubble phenomenon in which prices are rising today simply because buyers anticipate that they will rise tomorrow.

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