Part of the New York skyline is seen on July 5. House prices in the US rose 18 per cent in May, compared to a year ago. Photo: Bloomberg
Part of the New York skyline is seen on July 5. House prices in the US rose 18 per cent in May, compared to a year ago. Photo: Bloomberg
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

Why asset inflation could be the real danger, not higher consumer prices

  • Three factors have been driving US inflation – energy prices, production bottlenecks and aggressive stimulus programmes
  • But as these risks subside in the next two to three quarters, investors cannot afford to be complacent, given the dangerously high equity valuations and hot property markets

Part of the New York skyline is seen on July 5. House prices in the US rose 18 per cent in May, compared to a year ago. Photo: Bloomberg
Part of the New York skyline is seen on July 5. House prices in the US rose 18 per cent in May, compared to a year ago. Photo: Bloomberg
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