{"id":39639,"date":"2017-12-01T07:55:12","date_gmt":"2017-12-01T07:55:12","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=39639"},"modified":"2017-12-01T07:55:12","modified_gmt":"2017-12-01T07:55:12","slug":"there-is-a-bubble-and-they-only-end-one-way","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2017\/12\/01\/there-is-a-bubble-and-they-only-end-one-way\/","title":{"rendered":"There is a bubble. And they only end one way."},"content":{"rendered":"<p>The FT <a href=\"https:\/\/www.ft.com\/content\/64bfef5c-d5d0-11e7-8c9a-d9c0a5c8d5c9\" target=\"_blank\" rel=\"noopener\">has reported this morning that<\/a>:<\/p>\n<blockquote><p>\u00a0Neil Woodford, the UK\u2019s most high-profile fund manager, has said he believes stock markets around the world are in a \u201cbubble\u201d which when it bursts could prove \u201ceven bigger and more dangerous\u201d than some of the worst market crashes in history.<\/p>\n<p>The founder of Woodford Investment Management, which manages \u00a315bn of assets, warned investors to be wary of \u201cextreme and unsustainable valuations\u201d in an interview with the Financial Times, likening the level of risk to the dotcom bubble of the early 2000s.<\/p><\/blockquote>\n<p>He is right, of course. Whether his resulting investment strategy is correct is another matter altogether. But he is absolutely correct in calling out a bubble. And sometime soon it will burst.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT has reported this morning that: \u00a0Neil Woodford, the UK\u2019s most high-profile fund manager, has said he believes stock markets around the world are<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2017\/12\/01\/there-is-a-bubble-and-they-only-end-one-way\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-39639","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/39639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=39639"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/39639\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=39639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=39639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=39639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}