We have ever-increasing amount of money in the system (banks figure out ways to create money) But there isn't much real growth in useful, appreciating assets.

We have ever-increasing amount of money in the system (banks figure out ways to create money) But there isn't much real growth in useful, appreciating assets. E.g. most of production capacity these days operates with ever-thinner profit margins. Therefore money flows in a few vehicles still considered performing. Such as real estate. This creates a lot of bubbles in the absense of real growth. This is not unlike to when a ship sinks, everybody clutters at the ever-smaller area still over water.