Stock market crash: 30-year investing vet explains imminent bubble pop - Business Insider

"We've been in a 1% or 2% growth rate, sustained only by money printing by the central banks," Biderman said. "And how do we counteract all the laying off and shutting down of the economies? 'Let's print more money!'"

"Would you believe that pre-tax wages and salaries are down 12% year-over-year?" he said. "In a world where it's 12% down, car sales and new home sales are spiking. So there's no money, no income, but car sales are going up. Housing prices are going up. That can only mean that people are using money, borrowing money, or putting excess liquidity into assets and not worrying about making an income.

Hertz shares more than tripled after the company announced bankruptcy on May 22, bottoming out near 55 cents per share on May 26. To Biderman, market participants are simply trusting the US government and Federal Reserve to bailout institutions that have come under pressure due to the virus.

Of course: the Fed & those keeping the markets afloat now will tank it for Biden. Proves the point how corrupt and detached the market is from the actual economy. 40 million people out of work and we’re still in positive territory. Crazy.

lemme guess... he's a short seller?

How about intruducing a bill to stop cut money in half to nsa cia fbi dea..have the drugs stopped? Did 911 get prevented did oklahoma get stoped did we find weapons of mass destruction?school and infrastructure.nobody gives a shit about the bubble.

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