In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- Growth Is Gone
- GDP is growing at a 0.4% annual rate
- Folly & A Finite Planet
- Our blind pursuit of external growth is dooming us
- Bubbles Create Bad Decision-making
- And we are in the biggest bubble yet
- The Panama Papers
- Yep – the rich *do* play by different rules
Over the past month and half, the stock market engineered the biggest recovery rally in history. Valuations are near or at all-time highs across stocks, real-estate and other widely-held assets around the world.
And yet, the Atlanta Fed GDPNow model shows the US economy is growing at the anemic annualized rate of 0.4%.
Sky-high valuations and moribund economic growth cannot exist together for long.
by cmartenson