Andrew Orlowski thinks that Son and Softbank are in for a reckoning. Probably right too. But:
For years, too much money has been chasing too few good ideas.
It worth recalling that this is deliberate. This is the point of QE.
Lower the return on safe assets – government bonds – and force those looking for yield out along the risk curve. Near abolish riskless profit and force those looking for profit to take more risk. This actually has been, all along, the point of QE.