needle in search of a bubble
"If the prices of food, shelter, and other necessities continue to surge higher without equivalent wage growth, wealth inequality will worsen. This problem represents a coming dilemma for the Fed. When the media and politicians take notice, they will pressure the Fed on their inflation stance. If the Fed is persuaded or even forced to act, bubbles driven by the latest round of excessive liquidity, are likely to deflate."
The FED is going to raise rates and asset markets will negatively respon.
"Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black