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 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
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
Richard Harris
Opinion

Opinion

The View by Richard Harris

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 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
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
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.