There Is No Stock Market Bubble Insists Summers, Grantham

Everyone in the know is reading former Treasury Secretary Larry Summers' speech at the IMF meeting last week, where he strongly warns that "there is really no evidence of growth that is restoring equilibrium," even 5 years after The Great Recession.  There is no stock market bubble, Summers reiterated on  cable tv this morning because the  economic risk is from "under-confidence"  rather than "overconfidence."