Mark Hulbert on the Davos elites: asset bubble low on list of concerns

Among the top 10 global risks to business right now, “asset bubble” ranks 10th on the [Davos] elite’s list of concerns. That may or may not be an accurate assessment of where an asset bubble belongs in such a ranking. But what is noteworthy is a comparable ranking in the WEF’s Global Risks Report for 2009, published within weeks of the bottom of the 2007-09 bear market and global financial crisis. Back then, the No. 1 global risk was an “asset price collapse” — in terms of both likelihood and impact.

~ Mark Hulbert, "How the 1% at Davos make the same mistakes as we do about stocks and the economy," MarketWatch.com, January 10, 2020