Thread

1. gradus_ad · 1790820754 · focus · HN ↗

   Stocks keep marching higher. And it's not irrational. Because the only way out of this mess (debt with high rates) is inflation.

   1. brink · 1790821030 · focus · HN ↗

      Stocks historically haven't performed well during periods of high inflation.

      1. Joel_Mckay · 1790823376 · focus · HN ↗

         The roaring 20s were driven by a money cycle formed with post WWI farm machinery foreign demand, US factory growth to meet that stimulated demand, stocks to fund factory export growth market, and debt generated by unsecured customer financing.

         Eventually the cycle/bubble collapsed, and the same 1930s tariff policy literally starved people for almost a decade.

         I really hope we don't repeat that history. However, the Bear market distant roar can't be ignored. =3

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