The music in financial markets plays the loudest right before it stops. According to leading macroeconomists, we are now at a breaking point – at the end of a 40-year supercycle that favored “paper” gains. What comes next? History and data speak clearly: The era of tangible value is approaching.
For decades, investors in stock and bond markets lived through a golden age. Falling interest rates and cheap money inflated the prices of financial assets to record highs. Renowned macroeconomist and strategist Henrik Zeberg warns, however, that this era of the “everything bubble” is coming to an end.
As he notes in his analysis for Forbes, today’s market environment resembles a musical crescendo – a final, euphoric surge in volume. For investors looking not only to protect but also to grow their capital, this means one thing: It’s time to rethink strategy and focus on assets with real, physical value.
Even though markets may still grow in the short term, the fundamentals point to exhaustion. Zeberg warns that traditional “safe havens” such as government bonds may lose their protective function amid increasing inflation risks and mounting debt burdens.
This is where the concept of the “Great Rotation” comes into play. History shows that wealth never stays tied to a single asset class forever. Financial cycles (stocks, bonds) alternate with cycles dominated by real assets.
1920s: Boom of financial assets and stocks.
1930s–40s: Return to commodities and hard assets after the 1929 crash.
1970s: Stagflation, during which real assets (real estate, gold) significantly outperformed stocks.
1981–2021: Era of falling interest rates and soaring financial assets.
Today, the pendulum is swinging again. According to Bank of America data, the valuation of real assets relative to financial assets is at historic lows – even lower than in the 1960s or during the dot-com bubble. This creates a strong signal for a shift in investment direction.
In a period marked by increased volatility, real assets – real estate, land, commodities – offer several advantages:
Intrinsic value: Bricks, land, resources – not just numbers on a screen.
Inflation protection: When money loses purchasing power, hard assets tend to rise.
Low correlation: Their performance often doesn’t mirror panic on stock markets.
As Zeberg summarizes:
“The era of chasing ever-rising prices in financial assets is ending. The time is coming when real, tangible assets will return to the spotlight.”
Understanding macroeconomic trends is the first step. The second is choosing the right partner.
Many investors fear volatility even in the real estate sector. This is where BizPartner Group stands out.
Their philosophy: Investing backed by real assets, without relying on price appreciation.
Instead of speculative expectations, they focus on models that generate returns even during stagnant markets.
Real estate financing and trading:
Profits don’t come from waiting for properties to increase in value. They are generated by providing capital to property traders (flipping) or through services like rent-to-own.
Fixed yield:
Investors receive a predetermined return, not uncertain profit shares. This ensures stability and predictable cash flow.
Collateralized by real assets:
Every investment is secured by a specific property with sufficient value reserve (LTV). Capital is “parked” in a tangible asset.
If the predictions about the end of the “financial megacycle” come true, portfolios made up solely of stocks and bonds may suffer.
The winners of the coming decade will be those who shift part of their capital into assets that have historically held strong even during economic storms.
With BizPartner Group, an investor gains not just an investment – they gain the security of real assets and a fixed yield, regardless of where the global economy moves.
Zeberg, H. (2024). The financial megacycle is ending. These assets will strongly outperform stocks, says the macroeconomist. Forbes.sk.