The world has been flooded by liquidity unleashed by the central banks of overdeveloped economies. Now it is spurting up elsewhere. There are signs of asset booms in countries as far afield as Peru (equity market up 139 per cent this year), Indonesia (112 per cent) and Turkey (99 per cent). Eventually, these will turn to busts.
過度發達經濟體央行釋放出的流動性,已經將整個世界淹沒。這股浪潮蔓延到了其它國家。有跡象顯示,祕魯、印度尼西亞和土耳其等偏遠國家也出現了資產繁榮的跡象——今年以來,這三個國家股市的漲幅分別爲139%、112%和99%。最終,這些繁榮將會破滅。
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