Roubini: The warning signs are already apparent

 For now, loose monetary and fiscal policies will continue to fuel asset and credit bubbles, propelling a slow-motion train wreck. 

The warning signs are already apparent in today’s high price-to-earnings ratios, low equity risk premia, inflated housing and tech assets, and the irrational exuberance surrounding special purpose acquisition companies (SPACs), the crypto sector, high-yield corporate debt, collateralized loan obligations, private equity, meme stocks, and runaway retail day trading. 

Nouriel Roubini Project Syndicate 30 June 2021

https://www.project-syndicate.org/commentary/stagflation-debt-crisis-2020s-by-nouriel-roubini-2021-06

Upplägget Spac är en form av uppköpsskalbolag

https://englundmacro.blogspot.com/2021/03/upplagget-spac-ar-en-form-av.html

WAITING FOR THE LAST DANCE

“So long as the music is playing, you’ve got to keep dancing. We’re still dancing.” 

https://englundmacro.blogspot.com/2021/05/i-vividly-remember-meeting-in-late-2007.html