Awash in cash: Part 2, finding new outlets
[Continued from yesterday’s Part 1.]
Yesterday’s post, taking as its text a provocative and compelling Financial Times article, Asia’s Revenge, by Martin Wolf, described how overpriced oil was bartered (via the capital markets) into overpriced financial assets.
Mine’s overpriced? So’s mine!
Unbalanced global capital flows show up directly in housing – because what else can you buy […]
