In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- The danger of asset bubbles
- The Fed’s serial addiction to blowing them
- Tesla and the shale industry as case studies
- Covid-19s legacy on society
Everyone loves a bubble until it bursts. And we now live in age of multiple bubbles, with the Federal Reserve at the center, blowing each with vigor.
This inevitably will end painfully, as every prior bubble era has. But along the way, the more massive the distortions become, the greater the injustice between rich and poor becomes, and the more damage will ultimately follow.
And, slowly but surely, more and more people are waking up to the reality that the Fed’s serial addiction to blowing bubbles is actually the cause of many of today’s problems, not the cure as it would have us believe.
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