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William Gross said in 2007 that everything he sees is in a bubble - that all assets across all markets are overpriced. There was no significant correction from
by JanezStupar 15y ago
William Gross said in 2007 that everything he sees is in a bubble - that all assets across all markets are overpriced.
There was no significant correction from then - thanks to ECB and FED, who decided to finance the perpetrators with even more credit.
- DaniFong 15y agoWhat could it possibly mean for all assets to be overpriced? What could they be overpriced relative to?
- JanezStupar 15y agoIn (value?) investment asset prices are always reflected against expected future returns via increase of price or via dividends. Edit: So the assets are overpriced relative against their future returns.