Given the past several decades of trickle-up economics, I think we haven’t seen anything close to the bottom of the well of basically-idle capital seeking unrealistic returns.
I’d go so far as to say that the current crop of bubbles possibly represents the greatest downards wealth transfer (albeit from billionaires to millionaires rather than, y’know, working people) since the second world war, but I haven’t done anything near the amount of research necessary for that to be more than exciting rhetoric.
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