Lunch with Peter Thiel (FT)

“This,” he declares, after listing the frequent market eruptions of the past three decades, “is historically very anomalous. There was one bubble in the 1920s and one in the 1720s.” Now the 46-year-old Facebook billionaire, former hedge fund star and self-styled libertarian Big Thinker is ready to declare one final bubble. This time it is the result of excessive government borrowing to refloat a world struggling to get beyond the financial crisis. With this, he argues, we have arrived at the Last Bubble. There will be no more. Period.

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