3 ms·
Large and continued slowdown in global productivity combined with huge amounts of liquidity/easing from the world's largest central banks. Pretty good time to
by roymurdock 7y ago
Large and continued slowdown in global productivity combined with huge amounts of liquidity/easing from the world's largest central banks.
Pretty good time to have a lot of money (it's always a good time to have a lot of money), to own a business in a developing economy, to start a "tech" company to be acquired in a developed economy, to be in private equity, or to fraud/bluff your way into a lot of money in a developed economy (true productivity-increasing products/technologies are currently few and far between but globalization of technology and outsourcing is still going strong).
Not a great time to be poor, a saver, a licensed professional, or worker of any sort in a developed economy (aside from working at a "tech" company).