RE: Are We In A Bubble Or Is It Incorrect Measurements
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Well we could be in a bubble and I personally do think we are in one. Nothing was really that safe in the stock market and crypto. The problem with trying to measure things is that there are too many things that changed since last year. We had lock downs, small businesses closed, political turmoil and massive printing of money printing. So at this point in time, I don't know.
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I agree with your sentiments, but what I am thinking is that even if the air is let out of the markets there is so much currency already around that the new base would still be way higher in nominal terms than it was previously as numerator of currency has gotten so much bigger.
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