Equity Wednesday : A Volcanado On Its Way ? Asset Bubbles ? Not Again ?
I learnt a new word today. A Volcanado, which has yet to find its way into the dictionary, because it is a new concept of a tornado caused by a volcanic eruption. http://www.slate.com/blogs/bad_astronomy.html
I also learnt that water does not put out all fires because when the fire is too hot, the water molecule splits into hydrogen and oxygen which fuels the burning.
The Bank of International Settlements came out with another bad ass quarterly screaming bubble as the reporters would have it. http://www.bis.org/publ/qtrpdf/r_qt1409.pdf
Central banks inflating ‘elevated’ asset prices: BIS
LONDON (Reuters) – Financial asset prices are at “elevated” levels and market volatility remains “exceptionally subdued” thanks to ultra-loose monetary policies being implemented by central banks around the world, the Bank for International Settlements said on Sunday. http://reut.rs/1qzkS0D