There are plenty of expensive assets in the world today. The past decade of loose monetary policy and central bank money dumps have created the infamous “ bubble in everything”. This is one reason we now have the bizarrely yo-yoing investment environment that we do, in which everything from risky stocks to safe gold is rising at the same time.
全世界現在有大量昂貴的資產。過去十年的寬鬆貨幣政策和央行灌水造成了聲名狼藉的「一切皆有泡沫」。這就是造成我們現在怪異的投資環境、像悠悠球一樣忽上忽下的原因之一。從高風險的股票到安全的黃金，一切資產全都在上升。
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