No Bubble?

AP survey: Economists see no stock market bubble apne.ws/10SVxkj — Personal Finance (@AP_PersonalFin) June 6, 2013

Seriously, no (serious) bubble? More on the methodology could be useful. E.g. sample of the economists, how many, etc.

Living in Bubble?

Oh! Ok, at least one economist defines what bubble he had in mind, which seems the be the “bubble” definition taken in the

article.

“A bubble is an extreme thing”

Just comparing their views and mine:

— Housing will deliver the biggest boost to the U.S. economy this year: There are evidence that most of the sales were fueled by bank and investor purchases.

— U.S. consumers will step up spending once the job market returns to full health: Unemployment and underemployment numbers are still big in the U.S., especially for the young adults. The unemployment rate for 20-24 year old age group is around 17%. The Millennial generation is showing signs of conservative spending. Oh! And this generation’s and others’ student loans – let’s not go there for this blog post but we’ll see where Sen. Elizabeth Warren’s student loan fix proposal will lead to. Hey! Didn’t they bails the big banks out? …. with the people’s money?

The author also mentioned about E.U. and the retiring population in the U.S. E.U. has not shown much economic progress. What happened in Greece and Cyprus were very scary [not big enough to let be failed?]. The trends in the U.S. point to increasing retiring segment of of the population (SS issues, healthcare expenses) with strong AARP lobbying – though, these are avenues for job opportunities and increased consumer spending.

The Affordable Care Act is another huge factor. Theoretically, we expect some smaller companies to not expand hiring beyond 50 employees. In addition, future insurance plans indicate most people face higher premiums and/or other out-of-pocket expenses. In other words, there are increasing uncertainties involved. These all will affect unemployment, underemployment, disposable income, and consumer spending.