Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
same here. I read that sentence and boom, wow. Speechless. So much truth and insight in such a short statement.

Also agree that if interest rates are zero then I guess many asset prices will go nearly to infinity, at least those assets on which people with access to cheap financing are bidding - New York or London appartment prices anyone????

by crankykarsten (cranky (where?) gmx dot organisation) on Mon Mar 14th, 2016 at 12:33:40 PM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

The Sciences of the Artificial

by Cat - May 30

City Agriculture - May 23, 2024

by gmoke - May 23

Occasional Series