Progressive Economy Forum - How To End The Cost Of Living Crisis
Politics Theory Other
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The Role of Asset Management Firms in the Global Economy
Financial interest in commodities is linked, in the first place, to a few on other commodities. So this idea that if you're expecting higher prices, you should diversifify your portfolio more into asset classes are likely also to increase in price as e under pin inflation. And it's very easy to see how that would become a self fulfilling situation. The big three asset management firms manage over 20 trillion assets and they control 80 % of the market for exchange traded funds. They also have large equity stakes in various types of social provisioning and an care consortia. This has very serious implications for commodity dependent low income economies in the globe of selves.
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