Top economist warns of human folly, backs U.S. tech and gold over bonds

The Concrete Rupture: In a recent interview, the economist dismissed bond yields as a mirage, urging investors to allocate capital to U.S. technology firms and physical gold. The Underlying Tension & Institutional Friction: His commentary clashes with central bank narratives that promote bond markets as stabilising forces, igniting debate among policy‑makers and asset managers. The Downstream Casualties & Tangible Outcome: Fund flows shift toward high‑growth tech stocks, inflating valuations, while bond funds experience outflows that could pressure sovereign borrowing costs.