So some wealthy people will buy bonds with negative yields, others will buy equity at inflated valuations like WeWork.
Strange times.
So some wealthy people will buy bonds with negative yields, others will buy equity at inflated valuations like WeWork.
Strange times.
Pretty good time to have a lot of money (it's always a good time to have a lot of money), to own a business in a developing economy, to start a "tech" company to be acquired in a developed economy, to be in private equity, or to fraud/bluff your way into a lot of money in a developed economy (true productivity-increasing products/technologies are currently few and far between but globalization of technology and outsourcing is still going strong).
Not a great time to be poor, a saver, a licensed professional, or worker of any sort in a developed economy (aside from working at a "tech" company).