All of this is happening in the midst of extremely expansionary monetary policies and near-zero interest rates, except in the countries facing immediate crisis. Structural concentration of incomes at the top is combining with easy money and a chase for yield, driving equity prices upward.
所有这些都发生在极度扩张性的货币政策和近零利率环境中，除了那些直接面临危机的国家。收入向顶端的结构性集中正在与宽松的货币政策和追逐收益率相结合，推高股市。