Why coronavirus could cause a 1990s-style bubble in risk assets

Lauren Mason
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Anatole Kaletsky: A market slump now could lead to a bubble later
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Anatole Kaletsky: A market slump now could lead to a bubble later

The coronavirus outbreak will significantly impact risk assets over the coming "years, rather than months", according to economist and author Anatole Kaletsky, who warned that central bank reactions to the illness could artificially inflate asset prices and lead to a "greater-than-expected boom and bust" across global stockmarkets.

Speaking last week at a conference organised by Professional Pensions' sister title Investment Week, Kaletsky suggested a sudden and drastic collapse in asset prices could spark an economic downturn, which...

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