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"Are The Bubbles Back?" - Live Feed

Tyler Durden's picture


"Either way you look at it, it's time for the Fed to stop inflating housing assets, and stop buying mortgages" is how Alex Pollock introduces the following live streamed event by AEI. With speakers such as Chris Whalen we suspect, as the moderator explains, they will explain why "financial markets never seem to grow smarter when it comes to real estate."

Via AEI,

Has money creation and bond-buying by the major central banks, intended to address the effects of old bubbles, now induced new bubbles? As Fed Chairman Janet Yellen recently told Congress, “It is fair to say that our monetary policy has had the effect of boosting asset prices.” Is the asset price boosting too much or no problem?

US house prices in major cities were up 13 percent in 2013 and are already back above their long-term inflation-adjusted trend, and global markets have been marked by a risk-increasing thirst for yield. According to the Bundesbank, German houses are overpriced. Furthermore, there are house price bubbles in Brazil and Canada, and foreign debt expansions make the Fragile Five large emerging markets — Brazil, India, Indonesia, South Africa, and Turkey — more fragile.

So are there new bubbles or not? What are we to make of the current asset price inflations? The expert panel will discuss.




Full presentation links here:

Alex J. Pollock, AEI

Jay Brinkmann, Former Chief Economist of the Mortgage Bankers Association

Mark Carey, Federal Reserve Board

Mark Fogarty, National Mortgage News

Desmond Lachman, AEI

Chris Whalen, Indiana State University’s Networks Financial Institute

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Thu, 03/27/2014 - 14:16 | 4599459 Bryan
Bryan's picture

What's the problem here?  All they have to do is redefine the word "bubble" and then it's all good.  Sheesh.

Thu, 03/27/2014 - 14:20 | 4599480 dow jones 20000
dow jones 20000's picture

long sharp things

Thu, 03/27/2014 - 14:22 | 4599489 Beam Me Up Scotty
Beam Me Up Scotty's picture

When is the bubble going to turn into a lead balloon?

Thu, 03/27/2014 - 14:27 | 4599504 Headbanger
Headbanger's picture

What a fucking STUPID discussion!

It's like debating if the Earth is round or flat at this point you mooks!

Thu, 03/27/2014 - 14:30 | 4599507 Stuck on Zero
Stuck on Zero's picture



Thu, 03/27/2014 - 14:43 | 4599617 NOTaREALmerican
NOTaREALmerican's picture

Re;  It's like debating if the Earth is round or flat at this point you mooks!

Are you telling me people still believe those bogus NASA photos of the earth being round ?

Thu, 03/27/2014 - 14:45 | 4599630 dow jones 20000
dow jones 20000's picture

I believe you mean MOOPS, bubble boy

Thu, 03/27/2014 - 15:04 | 4599737 Headbanger
Headbanger's picture

Thank you!!

I have a new "term of endearment" for all you MOOPS!

Cause there is such a word that's a lot like MOOK!




MASSIVE IMPLOSION DEAD AHEAD IN 3..... 2.....  1.......

Thu, 03/27/2014 - 15:33 | 4599899 Headbanger
Headbanger's picture

If it isn't my favorite moopy boy !!

Next to fonerats, that is.

Thu, 03/27/2014 - 14:58 | 4599481 DOGGONE
DOGGONE's picture

See inflation-adjusted price history to date here.

Thu, 03/27/2014 - 14:21 | 4599482 disabledvet
disabledvet's picture

they should bring in Dan Fogerty while there at it to bark out "Green River" as a musical backdrop.

What true Keynsian doesn't pine for the 70's?

Thu, 03/27/2014 - 14:27 | 4599503 caShOnlY
caShOnlY's picture

All they have to do is redefine the word "bubble" and then it's all good.

"asset expansion"  .... 

"Today, the Federal Reserve has embarked on another round of asset expansion policy that will greatly benefit those on Main St."


Thu, 03/27/2014 - 14:34 | 4599529 NOTaREALmerican
NOTaREALmerican's picture

Bubbles are just how the finance Gods separate the dumbasses from their loot. 

As longs as their are dumbasses you've got to have bubbles.

As a famous God said one time:  The dumbasses will always be with us.

Thu, 03/27/2014 - 15:06 | 4599754 NihilistZero
NihilistZero's picture

I read this somewhere...

The rubes are so stupid, you're a rube if you don't take advantage of them.

Thu, 03/27/2014 - 14:54 | 4599691 SKY85hawk
SKY85hawk's picture

I'd feel better if these experts would stop blathering about NEW Rules.

We had rules that worked, until the Politicians ran out of money to buy 'traditional' votes.

NEW rules take forever to pass. 

I suggest we tie our Votes to politicians that REINSTATE the rules that worked well for Main-Street America. 

1- GAAP accounting without pro-form Putziness;

2- Mark-to-Market rules for all;

3- Glass-Stegall to hold incompetent investors/TRADERS accountable for their "mistakes";

Then, Teach your kids how to trade Inverse ETFs through a ROTH IRA.

I assume you grownups know this, already.


Thu, 03/27/2014 - 15:09 | 4599763 NotApplicable
NotApplicable's picture

Please stop pretending you live in a republic rather than an empire.

Frankly, it's embarrassing, as all you're doing is legitimizing the old facade of the previous con.

Like it or not, you are ruled by an organized crime cartel. Pretending otherwise will get you nowhere.

Thu, 03/27/2014 - 15:02 | 4599734 Bunga Bunga
Bunga Bunga's picture

Irrelevant, prices can't fall in centrally planned crony capitalism.

Thu, 03/27/2014 - 15:10 | 4599768 NihilistZero
NihilistZero's picture

Except for 2007... and 2001... and 1991...  and 1982...

Seems central planning loves falling prices, as long as it happens when they can profit.

Thu, 03/27/2014 - 15:03 | 4599740 besnook
besnook's picture

people complaining about bubbles just didn't get out in time. it should be pavlovian behavior by now.

Thu, 03/27/2014 - 15:04 | 4599743 DOGGONE
DOGGONE's picture


I am certain that it is a far, far better thing for our nation if the people have their heads OUT of their fuming darknesses.

Thu, 03/27/2014 - 15:42 | 4599945 besnook
besnook's picture

everyone likes the smell of their own farts so when everything stinks they put their head up their ass.

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