Irrational Exuberance – Descriptive Superlatives Exhaustion Point Is Reached
November 26, 2014 at 14:21 PM EST
With the broad US money supply (TMS-2) having nearly doubled since 2008 and other major central banks inflating their money supply as well at breakneck speed, there has been more than enough “tinder” provided the world over to drive asset prices higher.