Is the U.S. Facing the Mother of All Bubbles – Bloomberg 06-27-13

Salient to Investors:

Kit Juckes at Societe Generale says each of the last three significant financial bubbles in the past 30 years have been fueled by the Fed keeping interest rates below the economy nominal GDP growth the fed funds rate.

Juckes says in the past when year-over-year Nominal GDP and the Fed Funds target rate delink, bubbles occurred: in the early 1990s the Asian bubble, in the late-1990s the tech bubble, and in the mid-2000s the credit housing bubble. Since 2010 we have a huge delinking and as yet a non-named bubble.

Watch the full video at http://www.bloomberg.com/video/is-the-u-s-facing-the-mother-of-all-bubbles-zUIxNzE0TTuwGk4l_BT2eQ.html

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