The market over the last 15 years has been artificially propped up by trillions of dollars worth of quantitative easing.
A huge part of the "increases" in real estate and stock market values is backed by nothing more than fever dreams.
A huge part of the "increases" in real estate and stock market values is backed by nothing more than fever dreams.
Absolutely it's worker wages.
Not helicopter QE.
Uh uh. That's just not how it works.
Capisce?
From a practical standpoint, there's little difference between these things. It's all more money in the pool. It's not like wages are tied to productivity.
My business savings account is paying 5.5%. That's a long way from 0% in your mattress.
Not 7%, but also way better than cash.
Meanwhile, those profiting from the bubble all the time have long since cashed out.