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>> RANDOM HOUSE Latest News

JUL 07, 2013 - Zero Hedge

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Guest Post: A Bubble So Big We Can't Even See It

Authored by Steve Keen via Real-World Economics Review, Before the current turmoil began, Federal Reserve Chairman Ben Bernanke's hope was that rising asset prices would lead to a "wealth effect" that would encourage the American consumer to start spending again, and thus help the American economy finally leave the "Great Recession" behind. His predecessor Alan Greenspan argued in February that this would work because: "...the stock market is the really key player in the game of economic growth... The data shows that stock prices are not only a leading indicator of economic activity, they ... Read More

Tags: Guest Post: A Bubble So Big We Can't Even See It,  Random House Latest News