Posted 5 years ago on April 13, 2012, 12:30 p.m. EST by Middleaged
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Just out today. Financial Analyst on CNBC.
Economy Now Facing the Biggest Bubble Since Housing? Published: Thursday, 12 Apr 2012 | 6:25 PM ET, By: Lee Brodie
Citigroup economist Steven Wieting says the bubble is even worse than the dot com or the housing bubbles.
Wieting says "the trouble is spiraling health care costs that are growing at a fast and furious pace, a pace that will become all but impossible to support". "Already we're starting to see it impact education and infrastructure spending."