45 min
The $53 Trillion Pricing Problem What Goes Up
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- Investing
In this interview, Tim Bergin, a former bond trader, talks about why both stock and bond market valuations are stretched by at least $50 trillion and what will happen when that begins to unwind. He does not envision a crisis like that of 2008, but asset owners will get a lot poorer.
Tim has a particular focus on the Canadian economy and here discusses the real estate bubbles there and the ways in which banks and insurers are exposed to it. He looks at some long and short ideas that flow from the Canadian thesis.
Tim worked on a proprietary credit trading desk for 12 years at one of the largest credit institutions, managing portfolios of convertible bonds, corporate debt, CDS, interest rate swaps, equities, options, and products. He also worked for two credit-focused hedge funds. He now manages his own money and advises clients through his company On Beyond Investing (https://onbeyondinvesting.com/). He is a fundamental, value-based investor but looks for value wherever it can be found, different asset classes, sectors, securities etc.
Listeners should note that nothing in this comment should be construed as investment advice or recommendations but only Tim Bergin's personal views. No one should make investments based on this podcast.
In this interview, Tim Bergin, a former bond trader, talks about why both stock and bond market valuations are stretched by at least $50 trillion and what will happen when that begins to unwind. He does not envision a crisis like that of 2008, but asset owners will get a lot poorer.
Tim has a particular focus on the Canadian economy and here discusses the real estate bubbles there and the ways in which banks and insurers are exposed to it. He looks at some long and short ideas that flow from the Canadian thesis.
Tim worked on a proprietary credit trading desk for 12 years at one of the largest credit institutions, managing portfolios of convertible bonds, corporate debt, CDS, interest rate swaps, equities, options, and products. He also worked for two credit-focused hedge funds. He now manages his own money and advises clients through his company On Beyond Investing (https://onbeyondinvesting.com/). He is a fundamental, value-based investor but looks for value wherever it can be found, different asset classes, sectors, securities etc.
Listeners should note that nothing in this comment should be construed as investment advice or recommendations but only Tim Bergin's personal views. No one should make investments based on this podcast.
45 min