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Welcome to the Everything Boom, or Maybe the Everything Bubble
July 9, 2014 /
MATR Sponsor (view all)
Welcome to the Everything Boom — and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. Stocks and bonds; emerging markets and advanced economies; urban office towers and Iowa farmland; you name it, and it is trading at prices that are high by historical standards relative to fundamentals. The inverse of that is relatively low returns for investors.
Neil Irwin
MATR Supporters (view all)
Posted in: Miscellaneous Ramblings
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