Zero interest rates create artificial events, the longer the rarest. This is uncharted land. What can people do with their money if bonds are “worthless”? Keep

Zero interest rates create artificial events, the longer the rarest. This is uncharted land. What can people do with their money if bonds are “worthless”? Keep it in the bank? No: invest. And now comes inflation. When you play with fire (as the central banks have been doing for quite a while) you end up burning. This (the Nasdaq especially) is not a “bubble”, it is a zeppelin. In some sense it is most scary but at the same time, it is auto-mobile.