When
· Teens
· · 2017
· · · October
· · · · 07 (1 entry)

Macro Trends · In The bubble without any fizz, The Economist addresses the fact that financial-asset prices (stocks, bonds, and the like) keep drifting up and up in a world where inflation doesn’t; are we in a mega-bubble? What’s really going on? Looks obvious to me, but then I’m a left-winger. I think it’s all a straightforward consequence of economic efficiency and class warfare ...
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