for all the lessons.
Here's a recap and some more thoughts / questions:
If monetary theory applies: m + v = p + y (in % evolution)
Over the past 10y, in the US:
m = 100% (the Bloomberg article)
velocity = -15% (the FED data)
GDP growth = 28%
=> prices must have increased https://twitter.com/louicop/status/1251450780680421378

Without creating significant inflation of consumer goods and services...
While P/E ratios in the US went up by ca. 25%, inflation-adjusted, in the past 10 years.

If this is right, this would confirm that monetary policy is primarily inflating asset prices but not fueling the real economy