“The Federal Reserve’s massive easing program is creating bubbles in the stock and housing markets, says economist, investment banker and “Currency Wars” author James Rickards.
“Equity prices are higher, housing prices are higher, but they’re higher for the wrong reason,” Rickards tells Newsmax TV in an exclusive interview. “They’re higher because of money printing. In other words, these are new asset bubbles forming.”
Major stock indices touched five-year highs Tuesday, and home prices, as measured by the S&P/Case-Shiller 20-city index, rose by the most in six years during the 12 months ended in November….”
Full article and video interview
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