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Housing, startups, art, cars, watches...pretty much everything collectible or rare has seen its value skyrocket since the great recession. The big pool of mone
by irq11 8y ago
Housing, startups, art, cars, watches...pretty much everything collectible or rare has seen its value skyrocket since the great recession.
The big pool of money has been sloshing between asset classes for a while now, but it doesn’t get reflected in inflation metrics.
- JamesBarney 8y agoI think this is a combination of low interest rates making the opportunity cost of owning collectibles much lower and rising inequality driving up the purchasing power of collectors.