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I think that "bubble" in this context means greatly overvalued, but not necessarily that there is an imminent danger. From the article, seems actually the oppos
by throw310822 2y ago
I think that "bubble" in this context means greatly overvalued, but not necessarily that there is an imminent danger. From the article, seems actually the opposite: the bubble is self-sustaining, because it depresses the other markets and economies and encourages even more do redirect all resources on the US market. Of course at some point things will change, but that point might be far into the future.
- DamonHD 2y agoThat is indeed possible, and generally one has been missing out if not in the US market (I used to sit on derivs/credit/etc desks, though not myself trading), but the near-term risks from likely innumerate, cruel and reckless US policies seem unreasonably high to me. And I have a fairly high risk appetite!