{"id":25624,"date":"2017-09-14T07:08:26","date_gmt":"2017-09-14T12:08:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25624"},"modified":"2017-09-14T07:08:26","modified_gmt":"2017-09-14T12:08:26","slug":"fathom-consulting-there-is-a-bubble-in-everything-except-housing","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25624","title":{"rendered":"Fathom Consulting: “There Is A Bubble In Everything Except Housing”"},"content":{"rendered":"

Fathom Consulting: “There Is A Bubble In Everything Except Housing”<\/a><\/h3>\n
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Presented with minimal comments, the following ‘picture’ from Fathom Consulting paints a thousand words of unsustainability and delusion…<\/strong><\/em><\/p>\n

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h\/t @Schuldensuehner<\/em><\/a><\/p>\n

While we agree with most of the chart above’s content, we note that the call on the ‘housing’ non-bubble all depends on which market<\/strong> you are looking at…<\/p>\n

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Of course, the charts above are merely the symptoms.<\/p>\n

This is the cause…<\/strong><\/p>\n

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Compared to the ‘normalized’ movement in central bank balance sheets before Lehman; the current (and utterly ridiculous) size of the G-3 central banks balance sheet is 47 standard deviations above trend!!<\/p>\n

So where is the real ‘disease’ that needs to be cured? “I’m the hero of the new world” … “No, you’re the disease…”<\/em><\/strong><\/p>\n

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