Daily Archives: March 23, 2020

It’s important to appreciate that owners in the world’s most expensive real estate markets are the same top 10% of households holding the bulk of global securities individually and through pensions, mutual and Exchange Traded Funds, as well as private … Continue reading →

As I have noted many times, the seeds of financial crisis and panicked liquidation have been sown through the last decade of reckless lending, borrowing and price-indiscriminate asset-buying.  Highly indebted companies, households and speculators were already cash-strapped before the coronavirus … Continue reading →