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> You're angry because it feels like everybody is getting rich and you aren't. What you don't understand is that bull markets are always temporary. This stuff m
by anm89 6y ago
> You're angry because it feels like everybody is getting rich and you aren't. What you don't understand is that bull markets are always temporary. This stuff moves in cycles.
I've benefited massively in financial terms during the pandemic and resulting fed action and I still think it's dangerous and misguided. You are painting with very broad, simple strokes here.
Regardless of the fact that there is press coverage, the average American could not in any meaningful terms describe what the fed is or what it does, while maybe a quarter might know that it has something to do with "printing money" (obviously anecdotal). The idea that the complex consequences of fed policy are well understood by the average American is preposterous. The "experts" can't even agree on basic facts about what the consequences will be or have been.
Case in point, go ask financial twitter if we should be expecting inflation or deflation and watch that aisles divide.