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The US, Japan and the EU are all printing absurd amounts of money. That "stimulus" needs to go somewhere, and right now it's going to every single asset class.
by nikanj 9y ago
The US, Japan and the EU are all printing absurd amounts of money. That "stimulus" needs to go somewhere, and right now it's going to every single asset class.
The central banks wanted inflation, but they got some perverted form, where wages and prices remain stagnant, and only stocks/real estate/etc have had their prices increase.
- Danihan 9y agoSo what's next?
- nikanj 9y agoDepending on how idealistic/cynical you are, a new feudal dystopia of renters vs rent seekers, a bloody revolution, or just a gradual increase of consumer inflation to match. I mean, as a sorry Java jockey, I make around $5,000 per month. I frequent Reddit, a news aggregator with comments. Reddit is worth $1,700,000,000 dollars, according to the latest funding round.