EPISODE · Feb 26, 2021 · 26 MIN
Financial Bubbles of Historic Proportions
from WEALTHTRACK · host Consuelo Mack
The balance sheet of the Federal Reserve continues to surge at an unprecedented rate, up 83% y/y to a historic level, $7.59 trillion at the latest count. According to our WEALTHTRACK podcast guest, financial historian, and long-time market observer James Grant, interest rates, the “central pricing mechanism for financial markets” have been pushed to artificially low levels by the Fed’s policies which have created numerous market bubbles. He cites Bitcoin as one of the most extreme examples. WEALTHTRACK #1735 published on February 26, 2021 More info: https://wealthtrack.com/bitcoin-is-one-of-many-bubbles-of-historic-proportions-today-says-financial-historian-james-grant/ Common Sense: The Investor’s Guide to Equality, Opportunity, and Growth: https://amzn.to/3sxkIJm
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Financial Bubbles of Historic Proportions
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