Thiel Says ‘Real Bubble’ Is in Government Bonds, Negative Rates
- Billionaire investor says what’s needed is economic growth
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Billionaire investor and Facebook Inc. board member Peter Thiel said government bond yields and negative interest rates are signs of an asset bubble that reflect the slowing of technological change.
Thiel, speaking in German on a panel at the Finance Ministry in Berlin on Wednesday, said he doesn’t see a bubble in technology companies and startups. Negative-rate policies by central banks indicate a lack of attractive investment options and “show us that we don’t have ideas for a better future,” he said.