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Equity Bubble

Equity Bubble Based on Unsustainable Earnings

Michael Pento | Posted 05.21.2013 | Business
Michael Pento

Starting in 2008 the government began to bail out the crumbling asset bubble known as the real estate market, which also benefited the financial sector of the economy. This was accomplished by simply doubling down on the same philosophy that created the bubble in the first place.