Etienne de Marsac, Head of Absolute Return at Sunny Asset Management, joins Real Vision’s Roger Hirst to argue why he believes that central banks have created an “everything bubble.” With risks rising in all corners of the market, central banks have made a fragile web that they cannot help but continue spinning. De Marsac provides his insights on what factors could catalyze a market breakdown, how central banks could begin correcting the global imbalances they have created, and what trades he is making in this risk-on environment. Filmed on January 22, 2020, in London.