Barbarians on the porch

T wo private-equity bros walk into a Nobu. One thinks ordinary people investing in private markets is a swell idea. Stockmarkets are so concentrated that buying the S&P 500 index is just a bet on a handful of giant technology firms, he says. Everyone needs diversification. Private credit is here to stay and the bond market isn’t even that liquid. That corners of finance previously open only to institutions and the very rich are now accessible to more individuals is a good thing. Imagine the fees.

They might have simply been lucky, or biased

Alan Heston, a pioneer in comparing economies, died on October 25th

Small investors, rejoice—and beware

Whether that lasts is up to Donald Trump

It may bring stronger growth, higher inflation and a global trade war

Markets are betting Trump 2. 0 would boost the dollar. It could fall instead

https://www.economist.com/finance-and-economics/2024/11/07/barbarians-on-the-porch

A source: www.economist.com/finance-and-economics/2024/11/07/barbarians-on-the-porch