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Did you not notice the trillion or so dollars added to the money supply since March, with 2-3 trillion more expected over the next couple of months?
by boring_twenties 6y ago
Did you not notice the trillion or so dollars added to the money supply since March, with 2-3 trillion more expected over the next couple of months?
- riffic 6y agoI'm not ignoring it, everyone else has commented about that so I have no need to repeat it here.
- boring_twenties 6y agoThen why are you acting surprised that stocks are going up, even going so far as to call it "stupid?"
- riffic 6y agoread Taleb. This is extreme fragility, not antifragility.
- jarym 6y agoPeople get so upset when the monetary expansion is pointed out. S&P is headed to 4k within the next couple of years as the monetary expansion shows no sign of changing.
- boring_twenties 6y agoThat's a funny way to spell "months"
- DoingSomeThings 6y agoGiven this as the reason, does that mean valuations will plummet once that supply slows down? If the best bet now is "things will keep growing while money is being pumped in", how does that balance out in the future?
- boring_twenties 6y agoThings don't need to "keep growing." The nominal value of the market can continue going up even as its real value goes down. Hypothetical example: Today, SPY is 339 and DXY is 92.82. One year from today, SPY is 500 and DXY is 45. Is this valuation higher or lower than today's?