[jariel]

"a bunch of comments like these that are earnestly misinformed about economics. "

" savings outpaces investment opportunities for many reasons (aging populations, growth in countries with stronger saving cultures, etc.), which pushes up the premium on assets."

The savings rate is not correlated with stock prices. [1]

"All other developed economies have lower interest rates, more QE, and slower growth than the US. "

No, they have similar rates per capita. US grows because it brings in more bodies [2]. Moving warm bodies from A->B implying a loss somewhere and again somewhere else isn't exactly growth. (I mean - yes, they probably can be more productive in America). But this is not an economic marvel.

The OPs statements concerning inflation of financial assets is very, very reasonable economics.

[1] https://www.statista.com/statistics/246234/personal-savings-...

[2] All other developed economies have lower interest rates, more QE, and slower growth than the US.

[AngrySkillzz]

The argument is not that the US savings rate pushes up the value of financial assets in the US, I'm talking about globally (i.e. the global savings glut hypothesis). Countries like China, Saudi Arabia, and Germany have significant capital account surpluses which continue to get invested in assets in the US, particularly the stock market.

[jariel]

This is a fair point. But the Fed has been playing funny money during all this time, backing dollars with garbage real-estate, so I don't think it's fair to say this is just a regular 'new normal' as in asset prices were marked properly.

'New Funny Money Normal' - maybe, but the massive Fed balance sheet first enables those with assets, not those who don't i.e. 'the rich'.