Jul 07/15 – When I see a bubble…
My younger cockier self used to try to short every bubble out there. I used to rail against all the stupid prices, the parabolic moves and the ignorant performance chasing. But the last five years have been tough on me. Bubbles are so prevalent, with so many asset prices going to levels that make no sense. German 10 year bunds at 0.05%? How do you accou…