More proof QE is driving asset prices higher

Intelligent Investor

Independent Financial Research

More proof QE is driving asset prices higher. Over the past 10 years, art sales have risen over 1,000%; they were up 33% last year alone. Art has morphed from an esoteric pastime of the few to a commonly accepted store of wealth. Private equity boss Ron Perleman is said to hold 20% of his wealth in art, worth some US$3bn. There are, of course, many reasons for the boom in art. Diversification, growth in the number of super rich and the spread of narcissism have all played a part. So has, I would argue, central bank policies that have encouraged asset prices higher. (VIEW LINK)

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Intelligent Investor
Intelligent Investor
Independent Financial Research

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