By most metrics, today’s financial assets have never been more richly-valued.
Bears fear this is another asset bubble that will destructively implode.
But bulls just smile and count their money, as they continue to enjoy amazing returns in this market, in nearly every asset class one can think of.
So who’s right?
To address this, I reached out to my friend John Hussman, one of the most analytically-rigorous fund managers out there.
John is widely respected on Wall Street for correctly identifying both the 2001 Dot-com and 2008 housing bubbles as they grew AND positioning his clients advantageously in advance of their bursting.
When it comes to recognizing asset bubbles, John is expert.
In this rare interview (he only gives one or two a year) John explains why he thinks we’re in the largest asset price bubble in modern history and that a disappointing decade lies ahead for unprepared investors.