It is not retail investors that are directly inflating asset bubbles. The fallout of their bad decision-making is limited because they have to pay market rates

It is not retail investors that are directly inflating asset bubbles. The fallout of their bad decision-making is limited because they have to pay market rates for loans. There are no such limits for venture capital and private equity or state-backed wealth funds. That's why Softbank and Saudi Arabia can flood SV startups with money, even as the companies themselves use that money to somehow deepen their losses further.