Quick little /flow chart on my view of our current economic conundrum re: massive asset inflation and economic fragility that the US is experiencing:

Pre-covid we already had an overvalued stock market (stocks that didnt have the fundamentals to support their valuation and...

... trading at extraordinarily high P/E ratios) and artificially low interest rates for a long time > COVID hits > economic downturn directly as a result of covid (travel stops entirely, businesses forced to close to public, limited capacity, etc.) > Gov obviously reacts...

... leading to interest rates lowered again + PPP loans/stimulus to help keep businesses afloat and individuals + a host of other Gov solutions (moratorium of evictions, etc.) > national debt grows at unprecedented rate and further cripples us in the long run...

...> undisciplined/novice investors throw stimulus money into stocks because “buy the dip you idiot,” while institutional investors see this as an opportunity to make even more money so they continue manipulating the markets for their own purposes, all of which encourage and...

...feed the overvaluing and inflation of stocks (I.e. Tesla which was trading at a fucking 1,100+ P/E ratio today which is absurd to anyone with a brain) > people then use the growing stock market (“recovery”) as confidence boost, which turns into a cycle of reinforcing...

...people’s confidence (hint: the confidence was probably unfounded to begin with) > lockdowns continue thus forcing businesses to close their doors for good (which are nearly all local businesses, NOT national conglomerates) > national conglomerates take over small business...

... market share, thus concentrating far far more money and resources into fewer and fewer companies > commercial real estate gets absolutely murdered to due businesses closing, companies realizing they can work remotely, plus rioting/looting etc. are just the cherry on top...

...and now what are we left with? An economy standing on the thinnest of stilts. Stilts so thin that a small gust may cause it to collapse. And then what? What do we do then? At this point I doubt many of you have reached the end of this thread, and quite frankly, I’m not...

...proposing any solutions so it really is quite a purposeless exercise. However, at some point we need to start demanding Gov accountability and find a way to bring ourselves back to TRUE economic greatness. Economic greatness that we’ve been capable of this whole time.

Lastly, this may sound like an incoherent blob of nonsense and stupidity; however, for those that think that, I’d like to hear why and what I’m missing (outside of the obvious nuances not fit for typing a twitter thread).