$10 Trillion Goes to
Money Heaven
LONDON
– We interrupt our series on what to do if you have no money to bring you an
update on those who are losing it. (You can catch up on Parts I and II of that
series here and here.)
What was the best place for your money
so far in 2015? Cash! Compared to cash, almost everything is down. We are
headed for the worst quarter for stocks since 2011, says the lead story in
today’s Financial Times.
Global stock markets have lost $10
trillion of their value over the last three months. What? Where did all that
paper wealth go? The old-timers say it went to “money heaven.”
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