Is the "Everything Bubble" About to Pop?

Among the big winners of the Everything Bubble is--yes, I know you're shocked--Wall Street.

Is the "Everything Bubble" about to pop? Let's start with what we're told: there is no bubble, all the assets soaring to unprecedented heights are reasonably priced at a "permanently high plateau" because of AI, scarcity of housing, scarcity of Ferraris, interest rates trending down, the Fed waving dead chickens around the campfire, people buying toothp…