那提西银行-全球-经济理论-哪些因素会导致投机泡沫？-20180130-7页

FlashEconomics30January2018-111PatrickArtusTel.(331)58551500patrick.artus@natixis.com@PatrickArtuswww.research.natixis.comWhatfactorstendtocausespeculativebubbles?Intherecentperiodwehaveseenaresurgenceofspeculativebubbles(equities,new-technologyshares,realestate,cryptocurrencies,etc.).Whatarethefactorsgivingrisetobubbles??Lowreturnsonrisk-freeassets;?Theeaseofusingleverage;?Optimismregardingtheeconomicoutlook;?Uncertaintyconcerningthefundamentalvalueoftheassetsinquestion(oreventheabsenceoffundamentalvalue,asinthecaseofcryptocurrenciesandgold);?Herdbehaviourofinvestors-savers.Wenotethatallthesefactorsconducivetotheoccurrenceofspeculativebubblesarenowpresent.DistributionofthisreportintheUnitedStates.Seeimportantdisclosuresattheendofthisreport..https://twitter.com/patrickartushttp://www.research.natixis.com/https://twitter.com/p