Stocks and bitcoin are massive bubbles – David Rosenberg
Repost from 1-4-2020
“What’s holding the boot together is basically zero interest rates. As long as rates remain where they are, unless we have a real dramatic pullback in economic activity, this bubble that we’re in is probably not going to burst any time soon. We have to understand though we are investing in a bubble.” – David Rosenberg, Rosenberg Research [Emphasis added.]
USAGOLD note: The problem with bubbles is no one can know when it is going to burst, but when it does the damage can come swiftly and with a vengeance. The best way to deal with it, as we have said repeatedly, is not necessarily to vacate the market – or try to pick a top – but to build hedges.