Cover your ears; the 'pop' could be loud.
News broke on Thursday that Fed officials downplayed asset bubble concerns in their last meeting, but high-profile watchers aren't buying it.
In his characteristically blunt (and pessimistic) assessment of the situation, famed NYU economist Nouriel Roubini (right) told The Daily Ticker that "the mother of all bubbles has begun."
The website noted others, including PIMCO CEO Mohammed El-Erian, "Gloom, Boom and Doom" author Marc Faber and hedge fund manager Doug Kass, have made similar comments in recent days.
In fact, El-Erian's colleague Bill Gross told CNBC that "I don't think the Fed is vigilant in terms of the negative aspects of zero-bound rates. I don't think they're vigilant in terms of other central banks and their quantitative easing policies. I don't think they're vigilant in terms of asset prices."
"One of the problems that the Fed has had over the past 10 years is that they have not focused on asset prices," Gross (right) emphasized.
The network notes that he argued the Fed's focus on unemployment and inflation—which he acknowledged has been vigilant—was "almost to the asset price exclusion," causing it to miss the 2008 housing bubble and "the destruction that asset prices can wreak upon an economy, in addition to higher inflation."
