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Friday, November 22, 2024

Exporting the Bubble?

Bubble, what bubble?  Do you see a bubble?

Exporting the Bubble?

Courtesy of Joshua M Brown, The Reformed (and Funny) Broker

exportingthebubble

Are our artificially low interest rates fueling bubbles elsewhere?

I don’t know, perhaps we should ask the: 

  • Hong Kong real estate developer who is leasing his finished space at $9000 USD per square foot     
  • Australian mining exec, whose company’s market cap just shot up by 200% from a Monday to a Wednesday   
  • Arabian sheik who has grown weary of having things dipped in platinum     
  • Brazilian sugar cane producer, who has run out of space for cash in his vault     
  • Commodities trader in London who is left with the classic dilemma of Aston Martin or Rolls Royce     
  • Gold mine operator in Mexico who now feels obligated by outrageous fortune to double his offerings to the church collection plate     
  • Shanghai investment banker who is running out of companies to take public     
  • Russian art-collecting oligarch who is considering a purchase of the Sistine Chapel’s ceiling, just because he can

Maybe one of them can tell us if our free money is creating any bubbles elsewhere.

 

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