this post was submitted on 01 Jul 2026
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United States | News & Politics

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The richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices (fortune.com)
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[โ€“] RedWeasel@lemmy.world 1 points 1 week ago (1 children)

Ok, but that implies that these pop before they are huge and can take down the economy. It is currently failing to. So, not quite like as designed.

[โ€“] IronBird@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

nah, just takes time. japan carry trade and QE is what props the market up, carry trade is unwinding as BOJ raises rates.

eventually QE will be pulled, that's when all the speculative shit/overpriced blue chips drop like a rock.

look at april of last year to see how far things go when the momentum algos turn off