Debt Bubble Stretches to Breaking Point

Should we stop worrying that the debt bubble created by the Federal Reserve since the 2000 market crash could still burst?

No way. Just the opposite, in fact. My three rules of bubbles, identified and explained here, say we're approaching the most dangerous period in the life of any bubble: the time when it is most in danger of breaking.

I know it's tempting to stop worrying about the debt bubble that was created as the Fed tried to moderate the effects of the market crash and the terror attacks of Sept. 11, 2001. The parts of the U.S. economy most sensitive to interest rates are showing few signs of crumbling in the face of the huge increase in 10-year Treasury yields since March 12 (the yield Friday was at 4.66%), and amid increasingly clear statements from the Fed that it will raise its target interest rates this year. ...