/perspectives/media/implications-of-the-everything-bubble

Implications of the Everything Bubble

Scott Minerd, Chairman of Investments and Global CIO, joined Bloomberg TV on FOMC Day to discuss the market effects of the Fed’s T-bill buying.

January 29, 2020

 

Key Takeaways:

  • The Federal Reserve (Fed) is doing everything it can to prolong the expansion, which is working for now.
  • While the liquidity taps remain on, risk assets are likely to continue to rally.
  • However, monetary policy is enabling a levered corporate sector that is vulnerable to economic slowdown.
  • The effect of exogenous risks such as the spread of the coronavirus also pose a challenge for the Fed.
  • While some believe the Fed has eradicated the market’s boom-bust cycle, recession is inevitable.


Read Global CIO Outlook: Global Central Banks Fueling a Ponzi Market


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