Comment by spwa4
7 hours ago
Either that or this is people's pensions just ahead of what is likely the bill of Trump's policies being presented ...
7 hours ago
Either that or this is people's pensions just ahead of what is likely the bill of Trump's policies being presented ...
It increasingly looks like the bill for inequality papered over with quantitative easing is going to come due at some point soon, the spark is debatable.
Asset valuations are approaching feudal levels, where large portions of the population are relegated to perpetual debt service and locked out of asset purchases - while another portion gets to make up the valuations because they are close to the money printer. Such a system is stable until it isn't.
Bullishness on the market seems like a really sinister force at the moment, because what I equate their bullishness to is destroying society so investors / rich people can get just a little more even if a lot of people suffer along the way
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Who are these omnipotent people who determine valuations?
At a certain point of inequality, the valuation is whatever the person with all the money says it is. If there are fewer than 100 people holding the reigns of capital, do you still live in a capitalist system?