Are the Linked In/Groupon IPOs proof we have a new bubble in Tech? Are US Treasuries a bubble? Commodities?
There have been numerous attempts by many Fed economists to argue that bubbles cannot be seen as they happen, and they we can only spot them after the fact.
I believe they are incorrect. We can spot bubbles as they happen, so long as we rely on a variety of data points.
Consider these 10 elements a checklist to identifying bubbles in real time:
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