The Phaserl


And That’s a GOOD Thing??

by John Rubino, Dollar Collapse:

The past year has seen a long list of “XYZ is at its highest level since XXX” announcements. Some notable examples:

NASDAQ tech stocks are back to 1999 levels

The number of initial public offereings, including companies with no earnings, is back to 1999 levels

Junk bond yields are even lower than in 2007

Junk bond issuance is higher than in 2007

Margin debt is back to 2007 levels

Corporate debt is rising faster than in 2007

Stock prices are higher than in 2007

Most recently, US mergers and acquisition activity is back to 2007 levels:

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