As much as many of us want to believe in the efficient-market hypothesis — that all information is embedded in the price — turmoil and the business cycle continue to challenge the notion of rational markets. The question then is, how does one know when there is a market bubble and, perhaps more important, when it will pop?
Daniel Lacalle of Spain, now based in the United Kingdom, is a prolific author and commentator on economics and finance. Also a certified international investment analyst, he joins us to explain the key traits of a bubble and the distinction between a correction and the popping of a bubble.
Show notes: https://goldnewsletter.com/podcast/how-to-spot-a-bubble/.