Are we in a "bubble" or just the latter stage of a business cycle? A lot of it depends on the definition you use for "bubble." Regardless of your definition, i

Are we in a "bubble" or just the latter stage of a business cycle? A lot of it depends on the definition you use for "bubble." Regardless of your definition, it doesn't matter much one way or another. Central bank policies have been ridiculous the last 8 years. Nobody should be surprised there are market distortions - and nobody should pretend there aren't.