[Muromec]

I don't see any taking off actually

[dmoy]

I think they meant the stock market more generally? S&P 500 is up what, like 4x in the last 10 years?

[Muromec]

If I would drink 4x more beer that would concerning, but the number going up 4x should make things better how exactly?

[ludwik]

This was said in the context of a person predicting a stock market bust, so of course a stock market index price is the relevant number here.

[Muromec]

Yeah, fair. I still can't shake off the nagging feeling most of it being a scam somehow and not the business as usual scam. The gut feeling that things proclaimed and observed don't add up.

[tardedmeme]

That's just inflation, which is primarily controlled by the government via the money supply. It doesn't mean anything. What does mean something is the severe deflation in wages and consumer goods - why is all the money printing remaining in the rich person's realm instead of trickling down?

[dmoy]

Inflation is not up 4x in the last 10 years...

[tardedmeme]

Depends what you measure. I already said it hasn't been affecting wages or consumer goods and that's weird.

[dmoy]

Very, very few things even in isolation have inflated 4x in the last 10 years.

But as for this

> why is all the money printing remaining in the rich person's realm instead of trickling down?

Always has been, it's kinda one of the defining features of capitalism

[tardedmeme]

> Very, very few things even in isolation have inflated 4x in the last 10 years.

The assets in the S&P 500 have, that's what was brought up.

[Muromec]

Peasants aren't picking up enough shit after the rich to distill traces of gold from it, that's why

[warumdarum]

I think in a way we have seen a take off, by detaching the hype bubble from success metrics. Companies making products being bought by companies making products, that are hyped by machines, bought bymachines and evaluated for viability by machines. If economy is to hack the API of VC this has taken off! For now.