UBS CEO Says `We're at Risk of Creating an Asset Bubble' in Europe

The transcript discusses the European Central Bank's (ECB) potential actions, including deeper negative rates and quantitative easing, and the need for political and economic reforms in Europe. It highlights concerns about central banks' balance sheets and the risk of asset bubbles. The discussion also covers market trends, investor sentiment, and potential risks, noting that high asset prices are not necessarily aligned with investor sentiment.

What concerns are raised about the current market conditions and potential bubble territory?

Discuss the relationship between asset prices and investor sentiment as mentioned in the text.