What Happens When ‘All Assets Have Become Too Expensive?’

A new report from Natixis, the asset management and investment banking division of Groupe BPCE, the second largest bank in France and one of the largest megabanks in the world with over $1.4 trillion in assets, predicts what daredevil voices at the maligned margin of financial analysis have worried about for a while: the likelihood another financial panic.