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That's a bit of a simplification. Fact is, real estate is at or near peak as seen by slowing prices. The interest rate for any money vehicle is near zero. Th
by axaxs 6y ago
That's a bit of a simplification. Fact is, real estate is at or near peak as seen by slowing prices. The interest rate for any money vehicle is near zero. The stock market is the only place to stash it.
- cryptica 6y agoAlso, banks tightened lending standards for real estate (commoners). My guess is that they didn't do the same for corporations. So all the money went to corporations... Probably stock buybacks; so it went to shareholders; tax-free too; and even when the shareholders decide to sell, they'll only pay capital gains tax, which is lower than income tax. The stock market is a scam. A the biggest pyramid scheme the world has ever seen. CEOs who understand how the system works and willingly participate in it are criminals.
- zzzzzzzza 6y agothe underlying asset of the stock market is in large part real estate/property.