Are our artificially low interest rates fueling bubbles elsewhere?
I don’t know, perhaps we should ask the:
- Hong Kong real estate developer who is leasing his finished space at $9000 USD per square foot
- Australian mining exec, whose company’s market cap just shot up by 200% from a Monday to a Wednesday
- Arabian sheik who has grown weary of having things dipped in platinum
- Brazilian sugar cane producer, who has run out of space for cash in his vault
- Commodities trader in London who is left with the classic dilemma of Aston Martin or Rolls Royce
- Gold mine operator in Mexico who now feels obligated by outrageous fortune to double his offerings to the church collection plate
- Shanghai investment banker who is running out of companies to take public
- Russian art-collecting oligarch who is considering a purchase of the Sistine Chapel’s ceiling, just because he can
Maybe one of them can tell us if our free money is creating any bubbles elsewhere.