"...It wasn’t always this way.
We never used to get a giant, speculative bubble every 7–8 years.
We really didn’t.
- In 2000, we had the dot-com bubble.
- In 2007, we had the housing bubble.
- In 2017, we have the everything bubble.
...Why do we call it the everything bubble?
Well, there is a bubble in a bunch of asset classes simultaneously.
And the infographic below that my colleagues at Mauldin Economics created paints the picture best."
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