I read something similar yesterday in regard to the inverted bond yield situation and the trend toward zero or negative interest rates:
“It’s an absurdly odd world and it signals two things,” said investment banker Daniel Alpert, managing partner at Westwood Capital. “There’s an obvious, persistent and continuous glut of underutilized capital and there’s no place in the advanced world for that capital to be invested without excess risk.”
[source]
I don’t know if higher capital gains taxes are the answer, but something needs to get liquidity flowing. A Green New Deal seems tailor-made for alleviating this problem, but apparently that’s too Bolshie for the Randian geniuses lining up to invest in WeWork.
