The tech industry is in the midst of a massive, but temporary, economic bubble that could eventually burst, according to the founder of a company that tracks financial markets.
Mark Grosvenor of CME Group, a broker-dealer, said that stocks and bond markets have seen a sharp rebound in the past month or so.
The Dow Jones Industrial Average rose 2,100 points last month, the S&P 500 gained 1,300 points and the Nasdaq gained 1.5% in March.
Grosvener believes that the economy will soon rebound, but he said that there is a chance that it won’t because there are still a number of uncertainties in the markets.
“I think that this bubble will burst in a few months and we’ll see that the Fed will raise rates again and the economy is going to be in a strong position to get back on its feet again,” he told CNNMoney.
Grosvelor also said that the U.S. is in a much better economic position than many of its neighbors, such as Canada, Germany, Japan and France.
We’re not the largest economy in the world, and yet we’re in a position to recover, he said.
But he cautioned that there are some issues that are still unresolved.
He noted that the debt burden in the U, including the Federal Reserve, is very large, and it’s very likely that it’s going to get even bigger.
For example, the U-verse debt has grown from $3.4 trillion to $6.3 trillion, and the interest rate is going up, and that is a major risk.
It’s a very large risk.
It’s a risk that I think the Fed and Congress have to take seriously,” he said, adding that the risk is that if the economy continues to grow at this rate, it’s unlikely that the country will be able to pay back its debts in full.
There is no question that the current economic downturn is a crisis, but it is also a great opportunity, he added.
In his book, The Great American Bubble: Why the Stock Market and the American Economy Have Perilously Fled Off a cliff, Gorsvenor wrote that the financial crisis that began in 2008 was “a crisis that was not born out of the ashes of the Great Depression,” but was instead the product of a global financial crisis.
This is the third time in history that the market has been in a bubble.
Markets were in a bear market in 2000 and 2007, but then they were in an economic bubble.
It is not clear how long this will last.
While the stock market is now in a bull market, there are other sectors of the economy that have also suffered from the bubble.
For example, there have been several job losses at the factory sector and many workers have been laid off.
Despite all of this, Grosvernor said that he thinks that the next recession will be worse than the last.
He also said he believes that we will likely see another financial crisis, which is bad news for the economy and the consumer.”
There will be more and more problems that will emerge in the years ahead,” he wrote.