“Be Very, Very Careful” – UBS CEO Warns Policy Makers Risk Bursting The Asset Bubble
He says that we are “in danger” of creating an asset bubble? In danger?
(From Zerohedge)As anybody who has been paying close attention to US markets could tell you, the “about-face” by central banks, particularly expectations that the Fed will deliver a rate cut next week, has fueled a torrid rebound in stocks and bonds, creating a growing pile of debt with negative yields, and sending US benchmarks to new highs.Though there has been a mild recovery in US economic data this month,in Europe, the rally seems to be based solely on expectations for more central bank stimulus, and nothing further.
Reprinted from: https://www.ac2news.com/2019/07/be-very-very-careful-ubs-ceo-warns-policy-makers-risk-bursting-the-asset-bubble/
