For the past 12 years, grow in household wealth is attributed to an increase in the prices of assets. This could be a problem if the "bubble of everything" implodes.
With each drawdown of the markets, the central banks of the world go back to the same playbook. The easing took the form of expanding their balance sheets.
At present, interest rates are still at historic lows which is helping to keep assets inflated although the move towards higher rates is starting to impact markets.
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