Report
Again, US growth is based on a bubble, and again it is dangerous
US growth is always based on the development of an asset price bubble: In the late 1990s and today, an equity bubble; From 2002 to 2008, a bubble in real estate prices. Bubbles are important in the growth dynamics of the United States because of the large size of the wealth effect: rising asset prices stimulate consumption and corporate investment. The problem is that bubbles end up bursting, resulting in a recession in the United States. This sequence may now be unfoldin g again with US equities.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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