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re: Rick Santelli goes bonkers attacking QE and the fed

Posted on 7/15/14 at 10:14 am to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/15/14 at 10:14 am to
quote:

You have the burden of proof wrong.

You made the assertion, and you even labeled it "obvious."

Seriously, how can we test if this is a bubble? What part of the economy is inflated? All of it? The stock market only? Any particular sectors? What level should they be at? When QE ends, does the bubble pop? And what does that mean- will the stock market return to where it was at the beginning of QE1?

ETA: this is the only conversation in this thread I now find productive. If there's some way to estimate this bubble, I sense an opportunity to make some money.
This post was edited on 7/15/14 at 10:17 am
Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 7/15/14 at 10:17 am to
quote:

You made the assertion, and you even labeled it "obvious."

Seriously, how can we test if this is a bubble?

Ask a smart-arse like you why the stock market and nothing else is rising and see if they give lucid answers or dodge the questions.
Posted by goldennugget
Hating Masks
Member since Jul 2013
24514 posts
Posted on 7/15/14 at 10:17 am to
quote:

Seriously, how can we test if this is a bubble? What part of the economy is inflated? All of it? The stock market only? Any particular sectors? What level should they be at? When QE ends, does the bubble pop? And what does that mean- will the stock market return to where it was at the beginning of QE1?


Just look at how the stock market reacts each time QE possibly being ended or reduced is mentioned.
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