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Understanding Asset Bubbles

Submitted by Adam Taggart via Peak Prosperity,

Through the long sweep of history, the bursting of asset bubbles has nearly always been traumatic.  Social, political and economic upheavals have a bad habit of following asset bubbles, while wealth destruction is a guaranteed feature.

Bubbles only used to happen once every generation or longer, because it took substantial time for the victims to forget the pain of the damage.

But that’s changed in the new millennium. Less than ten years after the bursting of the dot-com bubble we saw the rise & bursting of the housing bubble.  This is simply astounding and thoroughly unprecedented.

More astonishingly, there are now concurrent equity and bond bubbles raging across the entire financial market structure of the world.

We are in our third bubble period in less than 15 years. This new era of serial bubble-blowing signifies that we are now in new turbulent territory with which we have little historical guidance to draw on.

The recent years of money printing by the world's central banks has NOT ushered in a “permanent plateau of prosperity”. And, as with all bubbles, symmetry indicates the downslope after the bursting will be steep, swift, and likely quite scary.

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