Perhaps Fed QE, with artificial suppression of lending rates(if I understand it correctly), was akin to leaving kindling around, but without the spark of a glob

Perhaps Fed QE, with artificial suppression of lending rates(if I understand it correctly), was akin to leaving kindling around, but without the spark of a global supply panic, there wasn't a sure bet for traders to leverage. Once it seemed clear that prices were heading upwards due to supply shocks, it was a no-brainer to use the cheap money and drive up the prices of assets even further. I'd also add that the helicopter stimulus from the government probably helped goose asset prices as well. I don't know... if you listen to some folks, QE is deflationary because it traps money in the financial system. I'll say that I personally pulled most of my money out of the market in late 2019 because I already thought we were due for a correction. It seemed like, while it took a few years, asset prices were already climbing before COVID hit. The lack of inflation could be explained by increasing globalization and overall anemic economic growth(which is one piece of evidence used by the "QE is deflationary" crowd).