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.
全世界现在有大量昂贵的资产。过去十年的宽松货币政策和央行灌水造成了声名狼藉的“一切皆有泡沫”。这就是造成我们现在怪异的投资环境、像悠悠球一样忽上忽下的原因之一。从高风险的股票到安全的黄金，一切资产全都在上升。
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