3 ms·
The bubble has been around for a while. It's just each time it gets anywhere near popping, Fed prints more money [0]. So the market-cap/dollar ratio hasn't hit
by john_moscow 6y ago
The bubble has been around for a while. It's just each time it gets anywhere near popping, Fed prints more money [0]. So the market-cap/dollar ratio hasn't hit a historically expected correction, but the purchasing power of a median salary has been declining and will continue declining as long as this policy is in place.
But don't worry, the media is working around the clock to convince the general public that owning a detached house, starting a family, eating meat and going on a vacation is evil, so we must welcome the declining affordability of these things and be grateful for a unique chance to put custom pronouns in our bio. /s
[0] https://tradingeconomics.com/united-states/money-supply-m0 https://tradingeconomics.com/united-states/money-supply-m0