My interpretation is that the stock market is just reflecting the rising value of power/influence assets relative to currency, which is to say, the falling value of currency relative to power/influence (which stocks are). Stocks aren't going up because the companies are that much better, they're going up because the macroeconomy is that much more fucked.

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somenameforme 39 minutes ago | parent | next [-]

I submit exhibit 1: the US monetary supply. [1] We're 'printing' money like there's no tomorrow. Up ~6% in a single year, well over a trillion dollars. That's obviously going to make an economy look increasingly nonsensical.

I increasingly get the same feeling I did as back in the early 2000s when there were endless 'house flipping' shows on TV where somebody would go buy a house on an insta-improved loan, add some granite counter tops and mop the floor, then resell it within a couple of weeks for $20k profit and repeat. Not sure how people didn't see that was basically 'Bubble - The TV Show!'

[1] - https://fred.stlouisfed.org/series/M2SL

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gcr 3 hours ago | parent | prev [-]

How would you differentiate between currency influence and power influence?

	▲	cowlevel 3 hours ago \| parent [-]
		Power is being able to get people to do things you want them to do. It's become clear that you can do that a lot better with stocks than within currency, although you can also do it with a huge amount of currency.