Page 7 - Asset Bubble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Much time talking about the stock market and suggesting that that is a measure of health of the economy. at some point that market, probably it's overdue for a correction, and it's going to come down. hopefully that does not, you know, it's not a bursting of the asset bubble and that that doesn't have ramifications for the economy as well too and confidence out there. paul: well, she raised the asset bubble, dan. i want to talk about that. because if you assume that some people have smart economists, as the fed was doing what mary described, it was explicitly to float asset prices, okay? that'...

Stock market and suggesting that that is a measure of health of the economy. at some point that market, probably it's overdue for a correction, and it's going to come down. hopefully that does not, you know, it's not a bursting of the asset bubble and that that doesn't have ramifications for the economy as well too and confidence out there. paul: well, she raised the asset bubble, dan. i want to talk about that. because if you assume that some people have smart economists, as the fed was doing what mary described, it was explicitly to float asset prices, okay? that's happened. all right?ç it...

Street growth. they will not do this this time. so i think this is one of the cynical speeches i've ever heard. >> and, by the way, the american public doesn't like this tax bill. it's got, what, 35% approval rating. and the question still remains, and you guys are able to answer this better than i am, which is why do you need a tax cut if the economy is so booming, why does the economy need to be stimulated? >> and gloria, you've hit the nail on the head. it doesn't. tan a lot of people, in fact talking to ta major wall streeter today at lunch, a lot of people are worried this will create mor...

Bill, that these plans that are passed will indeed create more jobs and higher wages. >> there's very little evidence. you know, steven i had this debate many times. if you look at the last 20 years of tax cuts, 2001, 2003, the obama era cuts. they did not produce real main street growth. what they did produce is asset bubble. typically when you cut taxes on companies, that i have use that money to do share buy backs which artificially jacks up the market, but doesn't actually help on main street. that's what a lot of economists think. we're waiting for 30 years for tax reform. i'm worried it'...

Course, is whether or not we might be seeing the beginnings of or we might be in what some folks think is an asset bubble. you know, the market started to rally back when we had a fed official come out and say, it doesn't look like rates are actually going to move higher in september. we don't really think that we -- he effectively said we're not really going to do that. as a result you saw investors jump back into the markets. which has some people, including yours truly, questioning whether this is perhaps a fed-induced rally. in other words, are people really valuing assets for what they ar...