The chart above of the US Central Bank balance sheet, and its parabolic growth, both in rate and in nominal amount, from less than $4 trillion eight months ago to nearly $8 trillion today, illustrates everything you need to understand…
Day: April 13, 2021
Yes, insane asset prices are the new normal. From NFTs that appreciate 10Xs to 100Xs in less than six months, rapid and irrational price appreciation in the shares of SPACS (blank check companies or Special Purpose Acquisition Companies) to overbloated…