3 huge bubbles over the past 25 years, each bigger than the previous.

Its all in the chart....
3 huge bubbles over the past 25 years, each bigger than the previous. With each bubble bursting, the Fed forces rates lower & lower - creating even bigger imbalances.
The Fed normalize? Then the entire house of cards comes crashing down. pic.twitter.com/WHnUi5kbZT

— Peter Schmidt (The 92ers) (@The92ers) April 9, 2021