Hi Boyd

That's a good link, the guy makes sense.

>What bubbles are left?

I see three bubbles left over from the recession that started in 1970-1982.
Oil that went from $2.00 a barrel to where it's at now $30.00.

This is what brought on the high inflation that increased the home prices.

And if you want to add bubble number three it's social security that was
increased to pay for the Vietnam War.

After all bills are paid by social security there is a surplus of $60 to $80
billion left over for congress to throw away.

If the surplus was given back to the worker by decreasing social security,
he would have $50.00 to $100.00 more to spend a month.

Regards,
D.R.(Don)McArdle

> Hi,

> Your wrote:

> I agree with you. What bubbles are left?
> FWIW, the link below is to a Morgan Stanley
> letter on bubbles.

> Best,

> - Boyd