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Why the Great Recession never actually ended: thegreatrecession.info/blog/great-rec… by @EconomicRecess $SPY $QQQ 
The Great Recession never actually ended when you use more classic/original GDP calculations. Especially when you factor in how much debt was necessary to grow our economy in the past decade.
This is one of the main reasons why I rail against rising housing and stock prices; they are NOT justified by the underlying economy. They are not rising because our economy and society are genuinely improving; they're rising due to Fed funny money.
A perfect example of this is how the U.S. housing market has, once again, gotten way ahead of rents and wages.
That's why the U.S. housing boom since 2012 is another bubble. It's not identical to the mid-2000s, but it's another bubble variant.
That's why the U.S. housing boom since 2012 is another bubble. It's not identical to the mid-2000s, but it's another bubble variant.
The U.S. housing market has gotten way ahead of itself. That's why millennials can't afford houses.
This housing boom would be sustainable if it occurred because wages were booming. Unfortunately, that is not the case.
This housing boom would be sustainable if it occurred because wages were booming. Unfortunately, that is not the case.
While the actual U.S. economy has basically been in a recession in the past decade, asset prices have skyrocketed (thanks, Fed!).
That's why there is now an unprecedented bubble in household wealth.
See my explanation: zerohedge.com/news/2019-06-0…
That's why there is now an unprecedented bubble in household wealth.
See my explanation: zerohedge.com/news/2019-06-0…
I am constantly under attack for my warnings and protests about the unsustainability of the asset booms of the past decade. I do not care what anyone thinks. I have the data to back up my claims. Everything I say will make sense in due time.
