Source: Bloomberg – U.S. Stocks Rise to Records as GDP Growth Tops Estimates
Notable excerpts:
U.S. stocks rose, with the Standard & Poor’s 500 Index capping its biggest weekly gain since October, as data showing faster-than-estimated growth boosted confidence in the world’s largest economy.
Source: RT – Nobel laureate economist predicts possible US stock market bubble
Notable excerpts:
Robert Shiller, 2013 Nobel laureate in economics, told a German magazine sharp rises in equity and property prices may signal a dangerous financial bubble, which could have an extremely bad end.
Source: USA Today – Dow closes above 16,000 for the first time
Notable excerpts:
In one of the most dramatic signs yet of the bull market’s strength, the Dow Jones industrial average closed above 16,000 for the first time in the much-watched average’s 117-year history.
Source: Forbes – Malaise Is Ahead For Malaysia’s Bubble Economy
Notable excerpts:
I recently wrote about how Indonesia’s economy has devolved into a classic credit and asset bubble-driven growth story, and its neighbor Malaysia is on the same path along with most other Southeast Asian economies, which are part of the overall emerging markets bubble that I have been warning about in the last couple of years.
Source: South China Morning Post – Dr Doom Marc Faber spells out the end game at CLSA Forum
Notable excerpts:
Marc Faber was in fine form at the CLSA Investor Forum, dispensing his trademark gloom and doom. The final keynote was a tour de force of the history of debt, asset bubbles and financial markets in the 20th and 21st centuries.
livinginabubbleblog 