Pushing the cost of capital to its lowest since WWII
Labour force expansion
Extended globalisation
Compressed spreads
Lower/negative real rates
Low inflation
4 mega excesses
Abundant/mobile workforce
Stable foreign exchange rates
Low
wage growth
Low goods inflation
Underpriced natural capital
Fiscal stimulation
Asymmetric capitalism
Economy over environment
Low production costs
Rising savings
Central banks' quantitative easing
abnormally low cost of capital