Monday, October 13, 2014

Thiel: We are in a government bubble of massive size

Thiel: We are in a government bubble of massive size: Silicon Valley venture capitalist Peter Thiel told CNBC on Monday that we are in a "government bubble of massive size," and that the bond market is the most distorted of all the markets.

In a wide-ranging interview on CNBC's "Squawk on the Street," Thiel also spoke about tech investing, the PayPal-eBay split, Alibaba, cybersecurity and Elon Musk.

"I think the thing that is most distorted is the bond market and fixed income, and perhaps less on the equity side, but we certainly are back on a government bubble of massive size," he said.

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