10/09/18

Hedge Fund CIO: "Like 2000 And 2008, This Too Is An Asset Bubble But It Differs In A Fundamental Way"



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Hedge Fund CIO: "Like 2000 And 2008, This Too Is An Asset Bubble But It Differs In A Fundamental Way"
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Submitted by Eric Peters, CIO of One River Asset Management

Anecdote

Central banks have created yet another asset bubble that will lead to a deflationary collapse just like 2000 or 2008, explained the famous investor.

And I agreed that there's an asset bubble, but this one differs in a fundamental way. The previous two asset bubbles created a powerful wealth effect. In 2000, the stock bubble made people feel wealthier. They spent ....

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