``The current surge in job openings now exceeds the number reached at the peak of the housing bubble. The Fed drives stock bubbles and employers take their cues from stock prices, following the market up and finally going "all in" on hiring as the bubble reaches its zenith. By the standards of the 2003-2006 housing bubble, the US economy has now reached a similar extreme in the current "financial engineering bubble." From this perspective, this is a dangerous condition that could once again be a precursor to collapse as the Fed gradually stops the pumping that inflated this bubble''

Comments: Be the first to add a comment

add a comment | go to forum thread