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A Super Bowl Lesson About Bubble-ized Growth
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
wallstreetexaminer.com / Alan Tonelson •
This is a syndicated repost courtesy of RealityChek. To view original,click here. Reposted with permission.
Super Bowl ads this year have generated an unusual controversy: On-line lending and mortgage giant Quicken Loans is being accused of egging on another housing/consumption bubble – i.e., the same kind of reckless borrowing and spending behavior that helped produce the 2008 financial crisis, and the painful recession and painfully slow recovery that followed.
Watch the ad and judge for yourself whether Quicken is guilty as charged. But also keep in mind that, Quicken or not, bubble territory is exactly where the U.S. economy is heading, at least if the official figures on the gross domestic product (GDP) are accurate. Indeed, by one key measure, the nation, according to GDP figures that take the story through the end of 2015, is now considerably more bubble-ized than at the start of the last recession: Housing and household spending together keep increasingly leading economic growth, and as a result are becoming ever larger shares of the economy.
The post A Super Bowl Lesson About Bubble-ized Growth appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/08/a-super-bowl-lesson-about-bubble-ized-growth/
