hello elmat, i would think one of the reasons that capital is moving is because there are too much of it, real savings and credit creation, and spillover will be everywhere, geographically as well as in asset and collectible and hoard-able classes
even the poor nations such as china and india and russia are 'exporting' capital
all very confusing, unless one look at whether and how standard of living is changing in any relative sense amongst the economies, pounds of wagyu beef eaten, litres of milk downed, number of cars driven, and school enrollment, etc etc
once the shuffling has been under way for a while, the grinding noise dies down, we may hear the screams and wimpers at higher fidelity
i am guessing
another reason capital is moving must be because some economies treat real capital with contempt, tortures it with taxation, water boards it with inflationary dilution, and kills it with legislation, and so the capital runs
i suspect |
