The deflating bubble of everything has taken the spirit out of this years seasonal Santa stock rally. Nevertheless, for stock investors every week probably seemed a bit like Christmas with the Dow setting 86 new record highs since 2016 and with it, the bubble of bubbles is getting bigger and bigger. But the Fed is fully aware that asset prices, particular stocks are in a bubble of bubbles. Indeed, the Fed has alluded to frothy asset...
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