If anybody is being artificially inflated right now, it is the United States. But its not just the United States, it is everybody. Everybody has low interest rates. This is the first time in recorded history we have had every major central bank printing huge amounts of money trying to debase their currency.
So, what we have is an artificial, a huge artificial ocean of liquidity floating around the world. Yes, some of it floated into Asia, a lot has floated into the United States. I mean, it is amazing that stocks in the United States are near all time highs even though economic conditions certainly aren`t as good as they should be at an all time high. But that is because of this artificial ocean of liquidity floating everywhere.
Related: SPDR S&P 500 ETF Trust (SPY)
