{"id":57088,"date":"2021-03-14T07:25:42","date_gmt":"2021-03-14T12:25:42","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57088"},"modified":"2021-03-14T07:30:12","modified_gmt":"2021-03-14T12:30:12","slug":"were-in-a-bubble-thats-too-big-to-fail","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57088","title":{"rendered":"We\u2019re in a Bubble that\u2019s Too Big To Fail"},"content":{"rendered":"
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We\u2019re in a Bubble that\u2019s Too Big To Fail<\/a><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n
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\"\"I\u2019ve been hearing the phrase \u201cEverything Bubble\u201d come up more often lately. This isn\u2019t a new phrase, Graham Summers was among the first to coin it in his 2017 book\u00a0\u201cThe Everything Bubble: The Endgame for Central Bank Policy\u201d:<\/strong><\/p>\n

\u201cThe 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 \u201890s, the Housing Bubble of the early \u201800s and the current bubble in US sovereign bonds, which are also called Treasuries.<\/em><\/p>\n

Because these bonds serve as the foundation of our current financial system, when they are in a bubble, it means that all risk assets (truly EVERYTHING), are in a bubble, hence our title, The Everything 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.\u201d<\/em><\/p><\/blockquote>\n

Most recently the idea of the Everything Bubble came up on\u00a0Coindesk\u2019s Breakdown with NLW edition about NFT\u2019s<\/a>\u00a0and the record setting sale of Beeple\u2019s The First Five Thousand Days for $69 million USD. I say this as a guy who has been into crypto since 2013 and is getting even more involved today: I don\u2019t get NFTs. Or rather, it only makes sense why they\u2019re selling for such excessive valuations when you consider it to be a phenomenon occurring within the dynamics of an Everything Bubble.<\/span><\/p>\n

Endgame<\/strong>\u00a0is another theme asserting itself, that\u2019s what Grant Williams and Bill Fleckenstein call their podcast (it recently went premium, but the first bunch of episodes are\u00a0widely available<\/a> across all major platforms)…<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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We\u2019re in a Bubble that\u2019s Too Big To Fail I\u2019ve been hearing the phrase \u201cEverything Bubble\u201d come up more often lately. This isn\u2019t a new phrase, Graham Summers was among the first to coin it in his 2017 book\u00a0\u201cThe Everything Bubble: The Endgame for Central Bank Policy\u201d: \u201cThe Everything Bubble chronicles the creation and evolution […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[36,4174,124,17853,23383,30490,889],"class_list":["post-57088","post","type-post","status-publish","format-standard","hentry","category-economics","tag-asset-bubble","tag-bitcoin","tag-central-banks","tag-everything-bubble","tag-mark-e-jeftovic","tag-the-great-reset","tag-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57088"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57088\/revisions"}],"predecessor-version":[{"id":57089,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57088\/revisions\/57089"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}