Persistent Inflation and the Everything Bubble

Here’s another example of how the Everything Bubble, the persistent inflation of all risk assets, has simply been the result of Fed money printing.

Here is the non-recovery. While banks use endless fiat loans to drive stock prices higher, a greater proportion of middle-class Americans find themselves unable to afford what most consider to be an entry-level middle-class lifestyle.

At a time of rock-bottom joblessness, high corporate profits and a booming stock market, more than 40% of U.S. hou...