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Or more generally, "welcome to the over-valuation of every asset class". Cryptocurrencies, housing, various kinds of stocks - there's more money than ever in th

by zxcmx 9y ago

Or more generally, "welcome to the over-valuation of every asset class". Cryptocurrencies, housing, various kinds of stocks - there's more money than ever in the world, all of it chasing a return. More complex packaging is part of it (think confusopoly of mobile plans applied to investing) and I think the paper has useful advice for "non preferential" investors, but it's not the whole story.

xchaotic 9y ago
Well, if every asset class was equitably 'overvalued' then we are at an equilibrium and there's no problem.
- loopdedoo 9y ago
  Is this different from inflation at all?
  - Terr_ 9y ago
    I think the difference is that inflation also involves goods that are consumed or desired for their direct utility. Not just "stuff I can resell for more later."