Quote:
Originally posted by taxwonk
The problem with "wealth" created by a surp;us of dollars chasing a fixed amount of capital, is that it creates a bubble. The bubble is inevitably followed by a vacuum. Witness the tech bubble.
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Why is that the case if, as Sidd says, we will have $30 billion of new capital just from private accounts coming in each month. In other words, doesn't this create a new equalibrium, albeit, one less tied to valuation than even today?
