Especially as of late – it was going “bad” with the economy and interest rates were rising. How come we see so many stocks with an “All time high”? I’m not looking for a psychological explanation, but literally: where do the coins come from to purchase?
In: Economics
Most of these answers apply to normal circumstances. In this situation however, the absurd market caps in the market are the result of accelerating upwards money transfer. Money that is typically distributed more evenly (though nowhere near anything approaching evenly) throughout the different socioeconomic strata is being consolidated into as few pockets as possible. You’re seeing the result of the middle, lower, and petty upper classes being bled dry and that wealth being transferred to a smaller proportion of the top 3%
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