Emirates NBD's Dugan: We're Building Up for Trouble

The transcript discusses the anticipation of government bond yields and the potential for interest rate hikes by the Federal Reserve. It explores the market's reaction to these economic indicators and the shift in market paradigms. Concerns about market stability and the impact of high valuations are highlighted, along with the potential economic effects of sales tax changes in Japan.

What are the concerns regarding global growth and high valuations in developed market equities?

Discuss the potential impact of a sales tax hike on the economy.