3 ms·
Its not a business cycle, really. The fed last week said the stock market will crash if they put interest rates much above zero. That is the definition of a bub
by 001sky 11y ago
Its not a business cycle, really. The fed last week said the stock market will crash if they put interest rates much above zero. That is the definition of a bubble. A bubble is a mis-pricing of risk based on non-market force (irrational or otherwise) that will revert to equilibrium when given the chance.