Thiel: The financial bubble is in government bonds, not tech
Peter Thiel · a16z Podcast | The (Definite) Optimism of Peter Thiel · Jan 2, 2019 · at 36:01
Peter Thiel outlines his macroeconomic analysis of money printing, bond markets, and negative real interest rates with Marc Andreessen.
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“My candidate for where the bubble is today is it's the government printing money, it's the government bonds it's minus two percent real interest rates, and so the things that are bubble-like are the things that are most like government bonds. So that's corporate bonds. It's probably housing, which is linked to, very powerfully linked to the interest rates and then to some extent, it's stocks that act like bonds.”
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