Courtesy of Mish.
How big can the asset bubble get? I know full well that calling the end is problematic.
Economist Nouriel Roubini thinks he knows. Roubini says we are in the "mother of all asset bubbles" but it's going to get even bigger, not popping until 2016.
Link if above video does not play: Roubini: We're in an asset bubble and it won't pop until 2016
We’re currently in the mid-late stretch of this boom, “so next year we’ll see economic growth and easy money. This frothiness that we’ve seen in financial markets is likely to continue from equities to credit to housing,” says Roubini. He predicts an eventual crash, but not for at least a few years.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
