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Central bank action. The federal reserve drastically cut rates at the start of the pandemic, so a lot of people were stuck at home with cheap money. Now, infla
by scoopertrooper 4y ago
Central bank action. The federal reserve drastically cut rates at the start of the pandemic, so a lot of people were stuck at home with cheap money.
Now, inflation is spiking, so the federal reserve raised rates and money isn't as cheap as it used to be, therefore people are pulling out of the market.
https://tradingeconomics.com/united-states/interest-rate https://tradingeconomics.com/united-states/interest-rate
- trompetenaccoun 4y agoAdd the helicopter money they gave people in many countries, that was also put straight into risky stocks or cryptocurrencies by many people. The monetary policy massively inflated asset prices and now the rug is being pulled under the retail investor's feet. Crypto is only the most obvious because the volatility is so extreme but the same happened in stocks. Almost like it was done intentionally. But who would benefit from such blatant market manipulation? https://www.bloomberg.com/news/articles/2021-12-07/pandemic-is-golden-age-for-billionaire-wealth-piketty-lab-says https://www.bloomberg.com/news/articles/2021-12-07/pandemic-...