3 ms·
> indicative of a lack of good prospects for investments This is what it looks like to me, too. Also, all the money that poured into "crypto" enterprises and s
by denton-scratch 3y ago
> indicative of a lack of good prospects for investments
This is what it looks like to me, too. Also, all the money that poured into "crypto" enterprises and schemes. People are inventing $THING_TO_INVEST_IN out of nothing, and capital piles in.
I'm no economist, but this seems like the result of there being too much investor money chasing too few investment opportunities. Why's there too much money? I'd speculate that QE caused this.
I've always thought that QE was nuts; the present global inflation scenario was entirely predictable.
- ahhfhando6698 3y ago[dead]