The Economic Recovery is Actually a “Bubblecovery”
Most mainstream economists and economic commentators, the same group who didn’t foresee the housing & Global Financial Crisis, are now saying that the economy is on the “road to recovery” as the housing market and consumers slowly but surely heal.
What these mainstream economists do not realize is that our bubble problems didn’t end with the housing bubble. The very same monetary and psychological factors that caused the last decade’s housing bubble and other excesses have created numerous other bubbles that have not popped yet. There are many bubbles that are still expanding and creating an illusion of economic strength, including rising stock prices, while threatening to devastate the global economy upon their inevitable popping.
The Post-2009 Economic Bubbles that I have identified have greatly expanded since the depths of the Great Recession in early 2009 and are largely responsible for creating the illusion of an economic recovery. This “recovery” is mostly artificial as it is based largely on these bubbles (I call it a “bubblecovery“) and very little on true economic substance. When the Post-2009 Economic Bubbles pop, the false recovery will end violently.
Please watch my comprehensive video presentation about the U.S. stock market bubble to learn more:
Please visit my other website, Explaining Capitalism, as well!