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Local stock markets, flooded with excess US cash, would also stop reaching bubble proportions and threatening to burst, an outcome with horrific consequences for investor confidence.
Valuations over there are at bubble proportions.
In the commodity area, Joe I think rightly pointed out that it's got kind of bubble proportions.
When the credit expansion reaches bubble proportions, the distance to the mean is longer and deeper.
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A Chinese stock bubble of epic proportions.
But Japan was also busy manufacturing a second bubble of comical proportions.
Arguably, the most pressing need is to deal with Australia's out of control banking and financial system, having blown a housing bubble of epic proportions.
Spanish unemployment is heading close to 20% (double the average among euro-zone countries), following the popping of a housing bubble of monstrous proportions.
He says that the market is "overblown, overvalued, overpriced," that we are witnessing a speculative bubble of historic proportions, and that it is only a matter of time before the bubble bursts.
Despite his well-known love for economic data, and poring over the latest reports from every statistical agency, he did not realise that he was sitting on a housing bubble of epic proportions.
The fact that discounting has apparently not occurred in the last year, at least for the Nasdaq composite, is just one more sign to some market experts that technology stocks are in a bubble of historic proportions.
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