CapgrasDelusion, 10 months ago (edited 10 months ago) With this headline Bloomberg seems to be implicitly (borderline explicitly) saying that the wealth loss is tied to the war in Ukraine. Here is the actual report this article is based on: https://www.ubs.com/global/en/media/display-page-ndp/en-20230815-global-wealth-report-2023.html No mention of Ukraine. The wealth loss is tied to inflation, appreciation of the dollar to other currencies, and losses in the financial sector.
With this headline Bloomberg seems to be implicitly (borderline explicitly) saying that the wealth loss is tied to the war in Ukraine. Here is the actual report this article is based on:
https://www.ubs.com/global/en/media/display-page-ndp/en-20230815-global-wealth-report-2023.html
No mention of Ukraine. The wealth loss is tied to inflation, appreciation of the dollar to other currencies, and losses in the financial sector.