iQ Broderick House

Broderick House 140 Bath Row, Birmingham, England B15 1NQ
距离伯明翰大学2.9km切换

​[公寓概况]
Copper Ensuite - 13sqm they are Below ground, floors -3 to -1
Bronze Ensuite- 13sqm on Floors 0-3, road view Silver Ensuite - 13sqm on Floors0-3, canal view Gold Ensuite - 13sqm on Floors 4-7, road view
Platinum Ensuite - 13sqm on Floors 4-7, canal view Diamond Ensuite- 13sqm on Floors 3-9, dual aspect Bronze Studio - 18 or 26 sqm, however the larger ones are darker with restricted view. On levels -3-1 Silver Studio - 18 sqm on levels -3 - 6 Gold Studio-25-28 sqm on levels 1-7 Platinum Studio-19.5 - 28 sqm on level 7 Diamond Studio-35 sqm on levels 3 - 6
Penthouse Apartment - 36 sqm. A one bedroom apartment with skyline views on floor 8
全新装修;近火车站,生活交通便利,免费双人入住,可短租,带电影院,包水电网,代收包裹,全新翻新,距离伯明翰大学公交18min,21年翻新

A golden age for stockmarkets is drawing to a close. Share prices may be surging, but even AI is unlikely to drive a repeat of the past decade’s performance.

Stockmarkets tend to rise gradually; recently they have soared. American stocks are up by 21% since the end of October and stand roughly 5% above their vertiginous peak in January 2022.

On February 22nd Europe’s equities set a new record for the first time in two years. India has been enjoying a multi-year boom as optimism about its economy abounds. Even Japanese stocks—a byword for stagnation—have at last exceeded the level they reached in 1989 before a decades-long slump.

It has been an extraordinary run. Since 2010, the s&p 500 index of American stocks has returned 11% a year in real terms.

One conclusion might be that a bubble is waiting to pop, especially in America. On Wall Street, valuations—the multiple by which profits are scaled up—are on average 80% as high as they were during the dotcom mania of the late-1990s and 90% as high as they climbed during 2021, before rock-bottom interest rates rose.

Similar extremes are also to be seen in other measures, including concentration or value spreads.

The value of the top 10% of American firms as a proportion of the whole market has not been as high since the crash that was one cause of the Depression in the 1930s. And don’t forget the frothiest corner of the financial markets: bitcoin is trading around $60,000 again, just shy of its peak in 2021.

Equities could underwhelm in many ways. Perhaps ai-exhilaration will cause a dotcom-style bubble that pops. Another war or crisis could lead to a crash. Or prices may stagnate in a gentle bear market that takes years to reverse.

Whatever the path to disappointment, in ten years’ time nobody will be repeating the obvious conclusion of today: that investors in equities—especially American ones—have enjoyed a golden age.

postpost新书:你还记得我的脸吗 (温暖小书)

To those ONES we
loved.

来自作者纪烨

已到达:
北京市朝阳区幸福三村五巷 postpost三里屯空间 营业时间11-1 鸡尾酒供应时间 7pm-1am
北京市西城区羊肉胡同58号postpost本店
营业时间11-7pm

#postpost新书到店[话题]###postpost[话题]###新书到店[话题]##独立书店[话题]##艺术书籍[话题]# https://t.cn/A6piGV6v


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