Biderman Blasts Bernanke’s “Biggest Bubble Of All-Time”
by Tyler Durden
“The more stocks go up, the more analysts, strategists, the financial media – and inevitably investors – firmly believe that the US economy has to be on the verge of rapid growth.” TrimTabs’ CEO Charles Biderman is back and blasting the “mass psychosis” that has overtaken the markets – driven by endless liquidity from a consequence-blind central bank – as the real economy struggles to keep its head above water. Growth must be coming sometime soon, “or else the market would not be going up,” right? The “belief in the growth fairy,” is not new. Since 2010, economists and sell-side strategists have been betting it all (and encouraging investors) on this faith that growth will arrive any day now. In fact, as Biderman lays out in unarguable facts, that this is simply not true – job growth is slowing, economic growth is slowing, and income growth is stagnant.