Blackberry Posts Loss as Revenue Misses Estimates
Fairfax Chief Watsa Says Commodity Bubble Will Burst, Globe & Mail Reports
Prem Watsa, the chief executive officer of Fairfax Financial Holdings Ltd., doesn’t believe the prices of resources and agricultural products will rise indefinitely, the Globe & Mail reported.
In an interview with the newspaper, Watsa said pension funds are putting a lot of money into the commodities market and that risks creating a bubble.
Recessions take out such “excesses,” the Globe & Mail cited him as saying.
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