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Thursday, August 15, 2013 4:45:21 PM
The big problem I see coming has nothing to do with bubbles as I don't see a bubble anywhere. Just a steady 4 year climb up from the bottom with regular corrections. The problem will be the signal Obama sends to the markets depending on his appointment to replace Bernanke. Trust me here, Summers was one of the architects of the financial system that led to the 2008 disaster. He is advocating a return to the same. His appointment will lead to a real future bubble and another crash.
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