Supply Of New Shares Will Depressurize The Bubble

Today’s bulls rest easy with the notion that central banks “have their back.” Central bankers have promised not to raise interest rates for years, so there’s no perceived threat of tighter financial conditions. They shouldn’t rest easy though. Because another slower-moving threat to the overvaluation environment is emerging. A relentless supply of new securities could ultimately be the pin that pricks today’s bubble.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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