QE asset bubble gets notice

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The BIS and Hong Kong monetary authority both sounding alarms:
World risks fresh credit bubble, Switzerland's BIS warns

Asset prices across the world have risen to heady levels not seen since the credit boom five years ago and may be losing touch with economic reality yet again, the Bank for International Settlements has warned.
...

http://www.telegraph.co.uk/finance/...esh-credit-bubble-Switzerlands-BIS-warns.html

Hong Kong Monetary Authority Chief Executive Norman Chan said Monday ...there is a possibility that the process of deleveraging is disrupted by quantitative easing, leading to sharp increases in asset prices in the first place. Yet, since such increases are not supported by economic fundamentals, any increase in wealth will be seen as transient.
...

http://www.zerohedge.com/news/2012-12-11/hong-kong-feds-epiphany-bernanke-wrong-about-everything

This is on the eve of the Bernank's doubling down on QE...
 
I guess we'll find out in a few minutes what Dr. Bernankenstein is going to do [to our financial system].

Any bets?
 
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