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ajross 15 hours ago

Literally the whole economy has "over-raised its fundamentals" though. Not everyone is going to fail in exactly this way, but (again, pretty much literally) everyone is exposed to a feedback-driven crash from "everyone else" that ended up too exposed.

We all know this is a speculative run-up. We all know it'll end somehow. Crashes always start with something like this. Is this the tipping point? Damned if I know. But it'll come.

zeofig 9 hours ago | parent [-]

Just print so much money that people (yes, banks are people!) have nothing better to do than buy stonks. Problem solved!

ajross 2 hours ago | parent [-]

This is reasoning from a mistake. Market valuation is about VALUE, which is an abstract idea assigned by the market, which is not the same thing as MONEY, which can be "printed"[1]. Market values go up and down on their own, irrespective of the amount of money in circulation. They reflect consensus (often irrational) for what the securities "should be trading at", and that's all. If the currency inflates or deflates, the markets do too.

[1] Though recognize that by engaging in that frame you're painting yourself as an unserious amateur being influenced by partisan media. Real governments do not "print money" in any real sense, and attempts to conflate things like bond debt with it run afoul, yet again, of the money/value mistake.