The Everything Bubble chronicles the creation and evolution of the US financial system—starting with the founding of the US Federal Reserve in 1913 and leading up to the present era of serial bubbles: the Tech Bubble of the ‘90s, the Housing Bubble of the early ‘00s and the current bubble in US sovereign bonds, which are also called Treasuries. Because these bonds serve as the foundation of our current financial system, when they are in a bubble, it means that all risk assets are in a bubble. In this sense, the Everything Bubble represents the proverbial end game for central bank policy: the final speculative frenzy induced by Federal Reserve overreach. This knowledge is now yours.
What You’ll Learn