by Justin Spittler
Casey Research
The easy money bubble is about to pop…
As you probably know, the Federal Reserve has been desperately trying to stimulate the economy since the 2008–2009 financial crisis.
It’s held its key interest rate near zero for the past eight years. And it’s “printed” more than $3.5 trillion out of thin air.
These radical policies were supposed to grow the economy. But all they’ve done is inflate financial asset prices.
The S&P 500 has soared 218% since 2009. A few weeks ago, it set an all-time high. Bond and commercial property prices have also soared to record highs.
At first glance, one might think the U.S. economy is doing well. After all, financial assets are supposed to follow the economy. But the U.S. economy is barely standing right now.
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