It's all built on historically low (or even effectively negative) interest rates. We've been in a crazy low rate environment since 2008 and COVID pushed the mon

It's all built on historically low (or even effectively negative) interest rates. We've been in a crazy low rate environment since 2008 and COVID pushed the money printing into overdrive. When inflation eventually forces interest rates to be raised a lot of these crazy bubbles are going to pop almost instantly. The alternative, a deflationary depression, would probably have been a lot more painful and destructive. Instead of mass defaults and cascades of bankruptcies we get million dollar ape doodles.