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> “…there are so, so many people waiting to buy in the downturn with money saved that it will create its own boom.” I think this is basically what happened in
by pavlov 4y ago
> “…there are so, so many people waiting to buy in the downturn with money saved that it will create its own boom.”
I think this is basically what happened in mid/late 2020. There was a short-lived crash across all asset classes, from stocks to Manhattan condos, and people piled in with the Fed and other central banks willingly feeding stimulus money to the frenzy.