3 ms·
> The S&P 500. You think that bull run was really just because of the goods and services made? Hell no, it was QE and LIRP. We've had bull runs ("bubbles"?) in
by throw0101b 3y ago
> The S&P 500. You think that bull run was really just because of the goods and services made? Hell no, it was QE and LIRP.
We've had bull runs ("bubbles"?) in previous years/decades without QE or LIRP/ZIRP: the 1990s for one. We've even had them with non-fiat, fixed money supplies: see 1920s Wall Street during the Gold Standard. Also canal mania and railroad mania.