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by throwawayzRUU6f
1885 days ago
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> why have the greater financial markets become so wonky, why has the behavior of investors changed so radically Since the global saving glut (1), the best question to ask of crazy asset valuations is not "does it reflect the fundamental value?", but "does the money have anywhere else to go?" (1) - https://en.wikipedia.org/wiki/Global_saving_glut |
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