Pretty much every country fired up their money printers to power through covid.
Here is Canada’s money supply:
Every other country did the same thing. Although I think governments, companies, and individuals are stumbling through the shock of such an unprecedented injection of supply… Ultimately IMO this is a global “hangover” from covid money printing.
This is why I’m hesitant to over-attribute current economic conditions to things like “approaching limits of growth”. To me, those are zebras. Unprecedented monetary supply manipulation are horses. When I hear hoofbeats, my first guess is the horses.
Oh sure for current inflation but everything post 2000 is a house of cards. stock prices completely deviated from earnings as they turned into value holds and income was pulled out via debt.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
Pretty much every country fired up their money printers to power through covid.
Here is Canada’s money supply:
Every other country did the same thing. Although I think governments, companies, and individuals are stumbling through the shock of such an unprecedented injection of supply… Ultimately IMO this is a global “hangover” from covid money printing.
This is why I’m hesitant to over-attribute current economic conditions to things like “approaching limits of growth”. To me, those are zebras. Unprecedented monetary supply manipulation are horses. When I hear hoofbeats, my first guess is the horses.
Oh sure for current inflation but everything post 2000 is a house of cards. stock prices completely deviated from earnings as they turned into value holds and income was pulled out via debt.