With world central banks promising to keep policy rates low even if inflation picks up, further expanding their already swollen balance sheets and extending liquidity through the banking system, the time is ripe for asset bubbles.
The signs are there in bitcoin’s rise past $50,000, the ramp up in GameStop, in Spacs and in already indebted companies being further levered up to pay dividends to their private equity owners.
However, investors have little option but to go down the risk curve to generate income.
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