Citi: Here Are the Asset Classes That Are the Most Bubbly
But you still might want to think about buying them
I see bubbles.
Photographer: Marcel ChristThis article is for subscribers only.
With a number of indexes in the U.S. and around the world either hitting new all-time highs or closing in on them, we were bound to hear more talk about bubbles in certain markets.
Just this past Monday, former U.S. Treasury Secretary Henry Paulson told Bloomberg that there are bubbles, and it's now a question of how big they are and can we deal with them. "Until we get back to a world where interest rates are determined by real economic forces and reflect economic reality, there are going to be asset bubbles. ... There’s going to be volatility and clearly there are bubbles, so the question is, are they manageable and how big they are.”