One viewpoint to consider is that how liquid is this wealth overall as totality. It is high, but if it is tied to valuations of public companies or even real es

One viewpoint to consider is that how liquid is this wealth overall as totality. It is high, but if it is tied to valuations of public companies or even real estate... The wealth can very quickly go away... In one sense quite lot of it is not real. So they really cannot go against larger global economy, as without it they have quite little purchasing power.