Everything is Bigger in Texas – Especially Investment Returns.
zoebailey.substack.com
As the trade routes of the world opened over the past century, we now find ourselves more of a global economy than a collection of national economies. While much celebrated, this also brings much to be feared. After a 15-year run of near-zero interest rates worldwide, nearly all markets trade at a significant multiple of where they were before the so-called global financial crisis of the late 2000’s. We are now faced with what could be our first global depression – a scary proposition, indeed. With nearly all assets currently overvalued, we find ourselves asking:
Everything is Bigger in Texas – Especially Investment Returns.
Everything is Bigger in Texas – Especially…
Everything is Bigger in Texas – Especially Investment Returns.
As the trade routes of the world opened over the past century, we now find ourselves more of a global economy than a collection of national economies. While much celebrated, this also brings much to be feared. After a 15-year run of near-zero interest rates worldwide, nearly all markets trade at a significant multiple of where they were before the so-called global financial crisis of the late 2000’s. We are now faced with what could be our first global depression – a scary proposition, indeed. With nearly all assets currently overvalued, we find ourselves asking: