Guggenheim's Minerd Sees Bubbles Forming in Bonds and Luxury Real Estate

The transcript discusses the concept of bubbles in the bond market, particularly in the context of zero and negative interest rates. It contrasts the bond market with other asset bubbles, emphasizing that bonds were often purchased for safety rather than speculation. The discussion also touches on the impact of low interest rates on investment returns and the potential for bubbles in real estate markets, particularly in high-end areas like New York and Los Angeles.

What does the teacher suggest about the investment argument for bonds as US rates decrease?

In which areas of the economy does the teacher see potential bubbles forming?