Oddbean

bubble of bubbles: What is this “bubble of bubbles” burst of the US Stock Markets being predicted? ========== Economist Harry Dent has predicted a stock market crash called the "bubble of bubbles" due to loose monetary and fiscal policies in the US. Dent estimates that the S&P 500 could lose as much as 86% of its value and the Nasdaq Composite could lose as much as 92% of its value. The crash is expected to be worse than the sub-prime crisis in 2008. Dent believes the bubble has been building up for the past 14 years. The incoming US President may face challenges in dealing with the fallout of the economy. The likelihood of the crash remains uncertain and depends on the actions of the US Central Bank and the US Treasury Department. #StockMarket #Crash #Bubble #Us #Economy https://m.economictimes.com/news/international/us/what-is-this-bubble-of-bubbles-burst-of-the-us-stock-markets-being-predicted/articleshow/110947564.cms