Good research here courtesy of the SF Fed:
San_20Fran_20Fed_20On_20Bubbles –
H/t ZeroHedge.
Thanks to reader Dave for the generous donation
About Post Author
Cullen Roche
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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