Roosevelt, thieving crook that he was, at least paid people to build interstate highways and power lines. Trump and Biden give money to people to sit at home and produce nothing, and to their billionaire friends to produce nothing. Since people aren't producing, what are all these newly minted dollars supposed to buy?
If I had 500k I could pay off my debt and own my rental properties and have a steady income and never really need to work again.
How dark and deep is the hole in that evil needs soul that he just needs more and more what an utter inhuman evil piece of
Equities and property primarily. There has been no real economic recovery since the currency crashes in 2008, yet stock markets have climbed to absurd heights (without anything bordering on similar increases in PE ratios of listed companies) and property prices have gone through the roof all across the western world. When people ask where’s all the inflation from the printing machine goes brrr monetary policies of the past decade that’s a good place to start, along with offsetting severe deflationary pressures due to the lack of any real economic recovery since 2008.
PE = profit earnings?
And I agree. This is the reason that prices for stocks, crypto, and art are all skyrocketing. They're reflecting the massive inflation that's been taking place. It's only a matter of time until those inflated prices work their way down to the average person.
Apologies, PE ratio is the price/earnings ratio. It’s a really important factor in investments in normal times, doesn’t seem too important the past decade or so though for some reason.
Foreign goods.
Probably. China behind the whole thing.
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