Chanticleer
The ‘everything bubble’ is back. Here are five dangers to watch
Thanks to the Fed and China, markets are back at the levels reached during the 2021 frenzy. But it might not take much for investors to let a little air out.
About 15 months ago, Seth Klarman warned we’d entered “one of the weirdest times since I’ve been in the investment business for over 40 years”.
Klarman, whose Boston-based fund manager The Baupost Group has famously delivered an average annual return of 20 per cent since it was established in 1982, couldn’t believe how world equity markets had recovered following the popping of what he called the “everything bubble” that peaked in late 2021.
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