A bubble isn’t a measure of the economy. That’s why.
Stock buy backs will make the price go up. That’s not a measure of anything other than the stock market
Never mind the fact that the stock market was exploding because of government cash influx while the rest of the country was mired in double digit unemployment rate and collapsing gdp.
The world as a whole is experiencing inflation and slowing growth
This wasn’t helped by both democrats and republicans infusing tons of cash into the economy
I was wrong before (in the past) when i thought that the influx of cash wasn’t going to affect the economy but not because it did.
The strangest thing happened this time. When the money came in people sat on it until after the pandemic. They saved it which was pretty aberrant behavior in this country. So when the economy opened up the now saved influx of Republican din democrats approved money created inflation, supply shortages etc. people went nuts
The additional attempts of government spending didn’t help the situation and the fed was too slow to act to respond to inflation believing their own nonsense that it was transitory. I can make that mistake you can. The fed can’t.
There is nothing as simple as argh dems. Dems however aren’t helping.
OK so why not argue that from start instead of resulting to insults of people’s memory. I think most people agree with that. Just that your side is in control and even refuse to acknowledge it is happening.