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Celente: Bailout Bubble Bigger Than the Dotcom, Real Estate Bubbles

CNBC interview with Gerald Celente yesterday:

As the Federal Reserve throws more and more money at the economic crisis and holds interest rates down at historic lows, it could be inflating a devastating ‘bailout bubble,’ Gerald Celente, director of Trends Research Institute, told CNBC.

“We’re looking at a bailout bubble that’s way bigger than the dotcom bubble before it and the real-estate bubble that we’re now getting out of, or attempting to,” Celente said.

…“When this bubble bursts, there’s no reinflating it because of the government intervention into it so deeply,” he said.

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