David Stockman, author of The Great Deformation, describes the nature of Housing Bubble II: “Bubbles are breaking out everywhere.”
It’s also significant that Cavuto refers to the current situation as “good times.” I have no doubt that is true on Wall Street, but millions of Americans, including the millions who have left the work force, the unemployed teens and twentysomethings, and millions more who are about to have their health insurance cancelled, may beg to differ.
10:38 am on November 22, 2013
