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just saw this. kinda reflects what I have been feeling. seems like the markets are pretty disconnected from economic reality rn. but then again, wtf do I know. maybe it's always like this...
China is sounding the alarm about a global market bubble
One of China's most powerful financial officials is sounding the alarm over a bubble in global markets.www.cnn.com
China is sounding the alarm about a global market bubble
Investors, hedge fund managers and former central banking officials have all expressed concerns too, as Wall Street trades near record highs even as the United States continues to grapple with the effects of the coronavirus pandemic.
Guo echoed such fears, adding that the rallies in US and European markets don't reflect the underlying economic challenges facing both regions as they try to recover from the brutal pandemic recession.
so China did release the virus to bring down western nations!!!