Bubble Watch: The Everything Bubble is Riskier and Less Liquid Than Housing
As we keep emphasizing, the world is in an Everything Bubble.
In truth, it is a bubble in sovereign bonds, created by Central Banks attempting to corner these markets via ZIRP and QE.
However, because sovereign bonds are the bedrock for the current fiat financial system, if they go into a bubble, EVERYTHING goes into a bubble.
Why?