Twin Bubble Theory

Whilst there are a lot of analysts calling this current market bubble the “Central Bankers Bubble” or the “Everything Bubble”, Fasanara Capital are narrowing in on what they call the Twin Bubble, and just gave a comprehensive review of global markets in their annual Investor Call presentation.  You can (and should if you have the time) go through the full presentation or their abridged ‘Key Slides’ version at their website HERE.  However let’s look at a few key ones now.

So what are the Twin Bubbles?

Drilling down on each:

And

So how does this present itself?

So how are they now positioning their hedge fund?