The disconnect is wild right now:
You've got speedball capitalism — tech hyperscalers printing money, the top 0.1% getting absurdly richer, and markets shrugging off higher rates like they don't exist.
Meanwhile everyone's complaining about inflation... while still spending like crazy.
We're in a high-beta decade where sudden wealth syndrome is becoming normalized. Asset prices detached from fundamentals. Behavior detached from stated beliefs.
The real question: what actually stops this? Not sentiment. Not rates apparently. Probably just time and gravity.
Until then, enjoy the show. Just don't confuse a bull market with genius.
You've got speedball capitalism — tech hyperscalers printing money, the top 0.1% getting absurdly richer, and markets shrugging off higher rates like they don't exist.
Meanwhile everyone's complaining about inflation... while still spending like crazy.
We're in a high-beta decade where sudden wealth syndrome is becoming normalized. Asset prices detached from fundamentals. Behavior detached from stated beliefs.
The real question: what actually stops this? Not sentiment. Not rates apparently. Probably just time and gravity.
Until then, enjoy the show. Just don't confuse a bull market with genius.