Detailed text transcripts for TV channel - CNN - 20171217:15:51:00
Terms of the valuation. and the underpinning is low interest rates forever and lots of liquidity from the central banks. any disturbance in that equation and i think that we have a big negative feedback that comes to haunt the economy. and i feel that risk is there next year. central banks across the world will start withdrawing this liquidity that they have pumped in out there and this very wide gap between the economic xhi and stock markets, i think that runs a risk of basically closing in. >> i admire both of you for actually articulating very clearly what you think. we will, of course, hav...