A Speculative Frenzy Is Sweeping Wall Street and World Markets
Posted on AllSides December 19th, 2020
From The Left
Animal spirits are famously running wild across Wall Street, but crunch the numbers and this bull market is even crazier than it seems.
Global stocks are now worth around $100 trillion. American companies have raised a record $175 billion in public listings. Some $3 trillion of corporate bonds are trading with negative yields.
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