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The Importance of Asset Classes in the Economy
Germany is now officially in a recession, but the DAX is sitting at all time highs. Stan Druckenmiller said what he's staring at right now is not only the biggest asset bubble he's ever experienced in his life, but the biggest assetbub he's ever studied in his life. So whether real estate equities, it seems like we have a massive bubble building up despite Fed's interest rates. And another thing he said as part of that was that historically in these moments, gold and silver will underperform.