Page 2 - Asset Bubbles News Today

The wind? >> yes, its a great question, i personally think and i dont have data to back this up, just anecdotally speaking speaking to ceo market participants, i believe american company which is used to have a tendency to hire and fire quickly i think given the labor issues, the shortages and the wage inflation of the last few years, theyre starting to think a little bit more long-term strategically about labor, keeping people on longer, i think theyre hiring even if theyre not completely sure ...

>> what do you think is going to happen with inflation? because the number was not just high, but it was surprisingly high, over 8%. >> yeah, the thing that really stood out for me was housing within that. really huge housing bubble in this country. again, housing is the epicenter of all the easy money being pushed into the system. you have bubbles and the pandemic. people work from home. you have bubbles in mplaces tha weve never had them. add in higher interest rates, and the cost of a mortgag...

Because the number was not just high, but it was surprisingly high, over 8%. >> yeah, the thing that really stood out for me was housing within that. really huge housing bubble in this country. again, housing is the epicenter of all the easy money being pushed into the system. you have bubbles and the pandemic. people work from home. you have bubbles in places that weve never had them. add in higher interest rates, and the cost of a mortgage on an average home is up about 50% year on year. so th...

Highs at the same time that we have this new delta variant, we have a real main street economy that, as many people know, certainly doesnt feel very good. could get worse before it gets better. but all of that money pouring in from central bankers has kept wall street at record highs even though the result is pain on main street. that divide and those bubbles in the asset market are very worrisome to me. it puts the fed in a strange position because even though things look great in the stock mar...

China moves to slow yuan’s rise as concerns rise over hot money flows, asset bubbles People’s Bank of China raises the reserve requirement for banks’ foreign exchange deposits to 7 per cent from 5 per cent But analysts say move likely to have only temporary effect to slow yuan’s rise and will not alter long-term appreciation trend

American Rescue Plan: China worried about economic impact of Joe Biden’s US$1.9 trillion coronavirus bailout US President Joe Biden’s US$1.9 trillion American Rescue Plan received final approval from the US Congress on Wednesday It was signed into legislation on Thursday, but concerns have been raised about its potential to cause further financial market turmoil

Hong Kong stocks dropped, erasing earlier gains as China’s financial markets regulator expressed concerns about asset bubbles and old-economy stocks declined on concern an overhaul of the benchmark will diminish their presence in key indices tracked by global funds. The Hang Seng Index lost 1.2 per cent to 29,095.86 at the close on Tuesday, erasing an intraday gain of as much as 1.1 per cent. AIA Group and China Mobile retreated more than 2 per cent. The Shanghai Composite Index fell 1.2 ...

Overleveraging of corporate america. the reason why the fed needs to unwind its balance sheet and raise short term interest rates is because a, the economy is improving and number 2, you could have asset bubbles. we should not be incentivizing corporations and individuals, mainly corporations because they went on a debt binge to borrow more. >> neil: hes not worried about that. are you? >> i think what has changed in the last six weeks is what happened at general electric. in the blink of an eye...

Technology-related solutions. and all of a sudden, an entire industry sells off. health care was by far the biggest drag, not just on the dow, but also on the s&p 500 overall. so as some of these health care insurers and pharmacy benefit managers and drug stocks took a big beating today, well see if in early trading they can recover some of those losses. the dow and s&p have a long ways to go to get back the total loss in two days. >> but the fact that this deal is still so speculative, and we d...

Essentially the adult age, you know, go from 1970 to 2000 as r as with boomers as adults, boomers helping to run and drive the economy on paper, pretty good for the american economy? quite the expansion of wealth. >> well i dont agree. and the way which i dont agree is that economic growth from the 1980s to 2000 was actually somewhat slower on a per capita basis than in the 1970s which were regarded by then a horror show which they never recovered apparently. and they were nowhere near as good a...