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difference this time is they have "fiat money" and money printer. Market and all inv. bankers knows that in major crash they will print unlimited amounts so bac
by kingleopold 4mo ago
difference this time is they have "fiat money" and money printer. Market and all inv. bankers knows that in major crash they will print unlimited amounts so back to same prices or near them. printer is still printing and it's only goes to selected investments
- lstodd 4mo agoAs if they did not back then. Fiat is just simpler to work with, but one can pull a bubble without it just fine. Anyone forgot the railroad crash of 1873? The tulip mania of 17th century?
- hdgvhicv 4mo agoThe dot com bubble of 2000 The Nasdaq took 14 years to recover, 17 once you factor in inflation.
- byzantinegene 4mo agonot at current inflation levels, no way to "print" if it means causing inflation to spike beyond unhealthy levels.
- kingleopold 4mo agothis is why they hide it and still print it, it will just not reach to avg. folks