Well, I think the bubble has started to burst and the bubble is on in two areas. One is credit, which is non-bank financial credit, which is now in the United States nearly four times annual GDP. And the other is of course the well-known asset bubble of uh AI, which is not saying that AI is not useful or productive.It's saying that the amount of capital being put into it in the United States compared to China makes the US pricing look absurd and I think that amount of capital will not be remunerated. So I t ...

In his weekly Flow Show update, Bank of America chief strategist Michael Hartnett remains reluctant to call a top in markets ...