The New York Stock Exchange is reflected in a puddle on January 4. 2020 was a historic year marking a rapid plunge into bear market territory and a swift recovery into the bull zone. Photo: Bloomberg
The New York Stock Exchange is reflected in a puddle on January 4. 2020 was a historic year marking a rapid plunge into bear market territory and a swift recovery into the bull zone. Photo: Bloomberg
Andy Xie
Opinion

Opinion

Andy Xie

Covid-19 market bubbles, a creation of the distorted global economy, cannot last

  • A global pandemic and the devastation it has wrought on the real economy hasn’t stopped stock and property markets reaching new heights
  • Despite the Fed’s best efforts, such asset bubbles cannot be sustained. Could political instability in the US be the shock that deflates the bubbles?

The New York Stock Exchange is reflected in a puddle on January 4. 2020 was a historic year marking a rapid plunge into bear market territory and a swift recovery into the bull zone. Photo: Bloomberg
The New York Stock Exchange is reflected in a puddle on January 4. 2020 was a historic year marking a rapid plunge into bear market territory and a swift recovery into the bull zone. Photo: Bloomberg
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