Just think why the stock market went into bubble mode after Covid?
Simple. The government took 10 trillion + from tax payers and that money ended up as profits for corporate America. Also the FED was doing stimulus and keeping interest rates at zero. All that is now GONE!
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Have all the cards finally been played by Powell and co? Will people's buying power really retract since last crash?
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Wow, when you really think about it, you are correct. All that money is gone now. But where? I mean for traders, i know it went to wall street, but for the rest of the country where did it go?
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