Even more devastating, wages» share of GDP has been declining (with brief interruptions
during asset bubbles) for 46 years.
Not exact matches
If this is true, by the way, it means that attempts at implementing liberalizing reforms are successful mainly
during periods of great global liquidity, and this might have implications for China, especially if over the next few years global central banks begin to withdraw the huge liquidity injections that have underpinned
asset bubbles around the world.
When this becomes extreme, as was the case
during the technology
bubble, the resultant bust can turn growth stocks into value stocks almost overnight» Marathon
Asset Management
Ultimately, the problem is simply one of overpriced
assets: they bought
during a speculative
bubble and are now unable to refinance out as prices return to more appropriate levels.
According to the update, while bitcoin was uncorrelated to other
asset prices at year - end 2017
during the rally, ever since the
bubble has begun to «deflate» in the new year it's more closely correlated with other risk
assets such as stocks.