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by bko
1590 days ago
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My belief is that printing trillions of dollars and growing the money supply by 40% in a short period of time has impacted asset prices, and now consumer prices. If covid impacted other things (i.e. business), why are all asset prices up well above pre-covid levels. The impact of the money printing outweighs any other covid impacts. Nothing covid related should tell us that Manhattan real estate should be above pre-covid levels w/ work from home, lockdowns and overall decrease in quality of life. It's the money supply |
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