The point I want to make with these photos, is notice even the ladies have stopped wearing their shorts and blue jeans and are adopting expensive clothing. This is in a third world country!
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What you see below is central bank QE ZIRP carry trade, pumping massive amount of debt into the developing world.
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Thank you for helping me to refine this point in my mind into a something that I would undoubtedly come to use. I was having trouble linking quite a few conclusions i see everywhere with presumptions I've held for a long time, and though I have had the idea put in front of me many times . . this one seemed to drive it in quite well.
This thread moves faster than my capacity to take in all the sourced links and shared insights, but I hope to be able to catch up with the discussion soon enough when I can get more time.