Traders work on the floor of the New York Stock Exchange during the beginning of the Christmas holiday week on December 23. Following news that China would cut import tariffs on a wide range of goods, stocks climbed over 100 points that morning. Photo: AFP
Opinion
Opinion
The View
Investors might be dancing into the new year but the party fuelled by an asset bubble cannot last
- After a year in which tweets moved markets and fake news resulted in a trust deficit, investors must face the fact that assets are overvalued due to central bank policy easing and massive government debt
Traders work on the floor of the New York Stock Exchange during the beginning of the Christmas holiday week on December 23. Following news that China would cut import tariffs on a wide range of goods, stocks climbed over 100 points that morning. Photo: AFP