Philadelphia’s Magic Gardens is a non-profit organization, folk art environment, and gallery space on South Street in Philadelphia, Pennsylvania. It is the largest work created by mosaic artist Isaiah Zagar. The Magic Gardens spans three city lots, and includes indoor galleries and a large outdoor labyrinth.
The mosaics are made up of everything from kitchen tiles and mirror shards to bike wheels, Latin-American art, and china plates. The space is open for public view, from 11:00-6:00 Wednesday through Monday and closed on Tuesdays.
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Philadelphia’s Magic Gardens
Everything Bubble
The everything bubble refers to the impact on the values of asset prices, including equities, real estate, bonds, many commodities, and cryptocurrencies, due to quantitative easing by the Federal Reserve, European Central Bank, and the Bank of Japan. The policy itself and the techniques of direct and indirect methods of quantitative easing used to execute it are sometimes referred to as the Central bank put. The term “everything bubble” first came in use during the chair of Janet Yellen, but it is most associated with the quantitative easing during the COVID-19 pandemic by Jerome Powell.
The everything bubble notably occurred despite the COVID-19 recession, the China–United States trade war, and political turmoil – leading to a realization that the bubble was a central bank creation, with concerns on the independence and integrity of market pricing, and on the Fed’s impact on wealth inequality.
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