Suddenly, and without much warning, money is pouring in to stocks. Does that reflect confidence in global GDP growth, or just the surge of central bank liquidity with nowhere else to go?
Suddenly, and without much warning, money is pouring in to stocks. Does that reflect confidence in global GDP growth, or just the surge of central bank liquidity with nowhere else to go?
The latter. In 4 years, money, stocks and bonds will all be pretty much pointless.
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