by Dr. Jeffrey Lewis
Silver Coin Investor
Despite short-term memory loss affecting most investors, asset bubbles tend to crash with a vengeance. From over-valuation, risk ignorance, and reactionary sentiment, the current bubble-trifecta shows signs of turning over.
The monetary powers that be have succeeded in creating serial asset bubbles. Each is extending from the great expansion of credit pivoting on the last official dollar default in 1971.
And yet once, again we are bombarded with the mantra: “This time it’s different”.
Partly, it is true. From a monetary standpoint, we’ve been spiraling from one overextended extreme to another for the last 100 years.