Ashok Jacob says stimulus is creating a monumental asset bubble but is nowhere near the end

Ashok Jacob says stimulus is creating a monumental asset bubble but is nowhere near the end. You don't have to make anyone withstand any financial hardship because you have ¬central banks printing money to get demand stimulation. That is creating this monumental asset bubble. The bizarre thing about it is that it is nowhere near the end. While you don't have inflation and so much excess liquidity in the system, there is no limit to how high markets can go. Every respected economic commentator says there is too much debt and no one is taking the pain. But the reality is that while you have excess liquidity and there is no ¬inflation, asset prices have to keep going up. Is there a point where it comes crashing down? That point can only be the arrival of inflation and you can't see that anywhere. Full article for AFR subscribers: (VIEW LINK)


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