Business
Australia sovereign wealth fund chief warns of stock market ‘clean-out’ – Financial Times
Some asset prices are ‘unsustainable’, says Peter Costello, as concerns rise over inflation
The world’s big central banks are fuelling a bubble in technology stocks that will lead to a “clean-out” on global equity markets, the chairman of Australia’s $135bn sovereign wealth fund has warned.
Rock-bottom interest rates and bond-buying programmes put in place to cushion the impact of the pandemic last year have left economies and markets vulnerable to a shock, Peter Costello said in an interview.
His comments come as investors around the world have started to worry how long central banks…
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