Companies are taking on debt so they can stay in business until the coronavirus pandemic ends but this isn’t a precursor for a dangerous asset bubble forming, said St. Louis Fed President James Bullard on Tuesday. “Bubbles are always an issue, and I do keep my eye on it, but I am just not seeing things that are on the same magnitude as what happened in the late 1990s, the so-called dot com bubble that blew up on us and then the much more serious housing bubble in the mid-2000s,” Bullard said, in an interview on Bloomberg TV. He said that firms were taking on debt to make sure they can “survive and thrive” in a time ... (full story)