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As of December 2017 |
Add a near decade-long ZIRP on top and you've got an excellent recipe for an equity bubble of epic proportions - like we currently have in the U.S. and in many other stock markets around the world. For more on this, see 11 Charts Exposing The Madness Of The Stock Market Crowd and The 'CAPE To Saving Rate' Ratio Signals A Terrible 2018 For U.S. Stocks.
Related: The Austrian Theory Of The Business Cycle - A Short Synthesis
Related: The Austrian Theory Of The Business Cycle - A Short Synthesis
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