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I don't buy in to this. People aren't buying due to the helicopter money fallout from the sky. If that was the case you'd also see gold going up. That's your
by elmerfud 6y ago
I don't buy in to this. People aren't buying due to the helicopter money fallout from the sky. If that was the case you'd also see gold going up. That's your classic value store and hedge against inflation.
This is more interest rates driving speculation. If I can borrow money at less than 3% it makes sense to borrow and lock it in to an asset for 20+ years. It's a good return on the investment for people who have an excess of wealth. Conversely the helicopter money is placing yet another squeeze on the poor and middle class. They're wanting to take advantage but not from their excess wealth so they can't ride out the shifts when it turns on them.