Bubbles
The market is coiled up waiting for the Fed to speak on Tuesday. The sentiment on the blogs and tweets that I follow suggest hope for a positive pop post-Fed announcement. Is it odd that this was paired with a lot chatter about bubbles on the web today?
Minanville posts Why the China Miracle Is Really a Debt-Financed Bubble This coincides with China starting a stronger round of banking stress tests. The new tests are supposed simulate a 60% drop in housing prices (previous stress tests were at 10%, 20% and 30%) as well as well as a hit to the steel and cement sectors. A 60% drop – wow!
Fortune asks “Is the party about to end in Brazil?”
Bloomberg – Structured Notes Are Wall Street’s `Next Bubble,’ Whalen Says
The WSJ says there is a ‘Frenzy’ in MLPs
ArlingtonJB 10:11 AM on August 10, 2010 Permalink | Log in to Reply
Let’s add talk of a Yen bubble.
Pete 11:57 AM on August 10, 2010 Permalink | Log in to Reply
That’s a lot of potential bubbles! :)