Calpine Confirms Deal to Be Acquired

Energy Capital Partners has agreed to acquire Calpine, a US power generator, for $5.6 billion in cash, offering $15.25 per share to investors. The discussion explores whether current asset prices are too high, considering the potential for future economic growth. Despite concerns about market peaks, the low inflation and supportive central banks suggest that current valuations may be justified. The focus is on future market conditions rather than present realities.

What factors does the speaker believe contribute to the current market reality?

How does the speaker view the future of asset prices in relation to current valuations?