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Vast ammount of money have been printed in the past 10 years and historically low interest rates have meant zero return on savings and cheap credit. All of that money has mostly ended up in bloating assets.
8b-
The hangover from the current insanity promises to be immense - a mate of mine took a look around the warehouse of this place a couple of weeks back. The amount of old 911s they have (not listed on their inventory) is astonishing. 50+ easy. There's places like this all over the US.
https://www.beverlyhillscarclub.com/about-beverly-hills-car-club.htm
Jung
Madness.
I'd love to see a good bit of analysis on the reason for all these random non-correlate assets ridiculous growth.
Wine I half get because of the tax perks.
Is it just that there are that many more people now with vast sums of wealth needing to be preserved? And do some of these non-correlate assets end up actually just correlate with each other? (thinking about watches and and cars here)