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Market Safe Havens Turn into Bubbles: Economist

Wednesday, 18 Jul 2012 | 11:00 AM ET

Erik Nielsen, global chief economist at UniCredit, told CNBC, "The question for me is how long can financial markets sustain a life where you basically take guaranteed negative returns?" Matthew Lynn, founder of Strategy Economics, added, "You are getting a series of bubbles in safe havens, like German bonds, the Swiss Franc has been massively overvalued."