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uhsguy · 1254 days ago · link · · parent · post: "Smoldering economic wreckage will greet Joe Biden when takes office in 72 days."
Acceleration of long term trends everywhere. I don’t really understand how we’re still seeing all time highs in markets, must be inflation related or just lots of money running around with nowhere to go (which I guess is still inflation).
am_Unition · 1254 days ago · link ·
When the Fed is injecting, what, $3 trillion into things like hedge fund markets, it's no surprise that the market is still bullish. We are in no-man's land. Already-increasing wealth inequality has almost certainly been given a massive boost, but we're probably not able to definitively measure it just yet. The thing where you're more likely to die of covid if you're poor is a pretty good litmus test, though.