White House has growing worries of a new U.S. bubble

08/19/2013 | Bloomberg

President Barack Obama's latest pronouncements on the U.S. economy have focused in large part on the danger of a new bubble emerging. Analysts say concern is growing at the Fed and in the White House over evidence of speculation outpacing gains in the real economy, possible evidence of which can be seen in a surge of corporate junk bond issuance, rising housing prices and the use of borrowed money to buy stocks.

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