Hacker News new | ask | show | jobs
by wayoutthere 1892 days ago
I think the problem with the whole economy right now is wealth inequality. You have a lot of people really struggling, which keeps overall prices low, but the top 10% or so of earners have more money than they know what to do with. The pandemic cut my expenses by probably $1000/mo in addition to the huge bonus I got last year, I literally have money burning a hole in my pocket.

Where do I invest that cash? Equities are obviously overvalued as an asset class, and treasuries return basically zero, so people are buying up real estate and crypto instead, and using some cash on the side to gamble in the options market. But this really only exacerbates the wealth inequality problem.