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The Fed says it is impossible to see a bubble while it is happening

Since the only way the Fed can keep the economy going to satisfy the law against recessions is to keep serial bubbles blowing, do you really think the Fed would tell you that it can see bubbles in real time?

It is impossible to keep the economy going forever and that fact allowed me to predict the downturn of 2008 in the summer of 2001 when I found out about the law against recessions.  It also allowed me to predict the subsequent slow upturn at that time.  The economy is tired.  That is why it is taking so much stimulus to keep it going. 

So the only way to keep the economy going is to blow serial bubbles.

Whether the Fed realizes it or not.

And I am not sure it does.

But either way the idea that it is impossible to see a bubble while it is happening is ridiculous.

I saw the stock market bubble in the late 1990's and the real estate bubble in the mid 2000's.  I predicted both would crash.  They did. 

What I did not realize until the summer of 2001 was that there was a law against recessions in the meantime and so the Fed would keep the stock market propped up as much as it could after the initial drop in the early 2000's which was the initial salvo in the bear market that scared everyone.