Global Investors See Bubbles As Far As the Eye Can See


Generally speaking, global investors are pretty optimistic. According to a new Bloomberg poll, they think China is a trouble spot, but they’re bullish on prospects in Europe and the US, and a large majority are more confident than they were at this time last year. But take a look at this:

After the great crash of 2008, investors sure are sensitive about bubbles. They think equity markets are close to being a bubble; fixed-income markets are close to being a bubble; and even US treasuries are inching toward bubblicious territory. That accounts for just about everything except real property, which investors are still sanguine about—in the US, anyway.

This is just raw data, and it might not mean anything. On the other hand, no matter what investors say about the economy, if they’re bearish on real-world ventures (factory expansions, etc.) and they’re getting cold feet about financial ventures, does this mean that more and more money is going to be sitting on the sidelines? Or does it mean that all this money is going to suddenly start pouring into the safe haven of US housing until everyone gets scared of that too? Or something else?

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. It's our first time asking for an outpouring of support since screams of FAKE NEWS and so much of what Trump stood for made everything we do so visceral. Like most newsrooms, we face incredibly hard budget realities, and it's unnerving needing to raise big money when traffic is down.

So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate