Global Appetite for US Assets Fueling ‘Mother of All Bubbles’
- Foreign investors are fueling the “mother of all bubbles” in US stocks, Ruchir Sharma wrote in the FT.
- “Global investors are committing more capital to a single country than ever before in modern history.”
- As money flows into US markets, fundamentals will erode across foreign economies, he said.
Despite mounting geopolitical and macroeconomic concerns globally, international investors seem to agree on one thing: load up on US assets.
Yet, Ruchir Sharma wrote for the Financial Times that this mentality is inflating an unprecedented bubble and skewing fundamentals in other economies.
“United by faith in the strength of US financial markets and their capacity to keep outperforming all other economies, global…
