At the end of 2018 the US Federal Reserve backflipped on their plans to continue hiking interest rates. Why? Well to put it simply, it seems that they underestimated the effects that tightening monetary policy would have across asset markets.
If you’ve been following the commentary from Chris Watling in the past week, you’ll have detected his slightly bearish tone to his commentary. In the interest of keeping readers alert to those asset classes that could be susceptible to a big fall we asked Chris to nominate the asset bubbles he thought were ready to burst.
"My favourite is what I call the ‘WeWork Bubble’. Which is really a lovely name for the Private Equity bubble.”
With over 300 startups now valued at over $1billion, Watling explains that this is just one of the bubbles he thinks is ready to pop.