Another one that could happen is that growth could surprise on the downside, maybe not in the United States, but we’re already seeing a double dip recession in the Eurozone,” Roubini told Michelle Makori, editor-in-chief of Kitco News.
One such asset that is clearly in bubble territory is Bitcoin.
It has utility because it has uses in jewelry for thousands of years.
“Bitcoin doesn’t have any income, doesn’t have any uses, at least as a means of payment, not a stable store of value, does not have utility, you can’t wear Bitcoin jewelry, and therefore, how do you even price it? What’s the fundamental value? For any other asset you have a set of fundamentals that can justify .