BY JOHN RUBINO
So bonds are obviously a bubble. And stocks have never been this overvalued. US houses have never been this expensive. Cryptos have had the greatest run in financial history. And the global money supply is soaring while most fiat currencies more-or-less hold their official value, which is another way of defining a bubble.
Guess that’s it then. The “everything bubble” really does include everything.
Wait, no. A new, even stranger bubble has suddenly joined the list. Digital assets called non-fungible tokens, or NFTs, are now attracting ludicrous amounts of hot money for things of seemingly dubious value. Just yesterday, for instance: