‘Risks of a market bubble are growing,’ warns Morgan Stanley
The difference between the fed-funds rate and the consumer-price index is the largest ever
the Morgan Stanley Wealth Management note shows.
“the gap is widest in the 60-year history of the inflation gauge,”
“Negative real rates bolster long-duration and growth-oriented assets,” she said, “but contribute to asset bubbles and the misallocation of capital.”
MarketWatch 8 November 2021
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