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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