Swiss Economicblogs.org
Largely due to a flood of central bank liquidity, global private financial assets have grown by 61% over the seven years since the financial crisis, almost twice the growth rate of economic output, says a report from the German Insurance giant Allianz. This has boosted the wealth of those who own shares. Those relying on interest, on the other hand have seen their wealth stagnate. The report goes on to say “after seven years, a monetary policy of “more and more” appears to be reaching its...
Read More »Swiss still the world’s wealthiest, says report
