RE:RE:RE:RE:China has biggest one day stock crash since 2007The cyclically adjusted PE ratio developed by Nobel prize winner Schiller is also at levels before market crash. Buffet's indicator, total market cap to sales is also at extremes.
The US Fed was faced with an balance sheet recession in 2008 and lowered interest rates to zero to try and support asset prices. This has worked very well in that asset prices have soared despite underlying weakness in the economy. The truth is asset prices are artifical, set by price controls on money, and are now at historic extremes. The NASDAQ bubble led to a housing bubble to the bubble we have today. As Ray Dalio says, there are now no places to hide.