BUBBLES ON THE RIGHT, BUBBLES ON THE LEFT

Another bubble is the belief that the Federal quantitative easing policy is sufficient, by itself, to generate a self-sustaining recovery in the domestic economy.

“If you think about it, the shoulders of responsibility of catalyzing domestic growth have been on the federal reserve, because our political leaders in Washington D.C. are incompetent, inert and partisan,” Kass said.

The above is an excerpt from today's post at http://www.testosteronepit.com/ from an interview with Doug Kass, President of Seabreeze Partners Management, a long/short fund. Kass discusses what he thinks are the current bubbles, note emphasis on plural not singular, bubbles floating out there now.