zerohedge.com / by Tyler Durden on 11/25/2013 13:33 -0500
Monopolistic supply? Thriving wealth-effect-driven demand?
As we noted previously,
Medallions – essentially the right to operate a for-hail taxi in New York City – now trade for as much as $1.3 million, an all-time record.
Part of this dynamic is fixed [...]