I’m gonna get heavily downvoted. But one cause of this is the expansionary monetary policy of the US. Money printing has gone wild. And it’s not a coincidence that the last peak was in 2011, after the same phenomenon of money printing and low interest rates put in place after the 2008 crisis.
What is your experience getting negative consensus on saying that in the past?
The Federal Reserve is the biggest whale in the market and the majority of their purchasing transactions create USD that did not exist prior to the time of transaction. Every recipient circulating new USD around. The bigger problem being that most does not circulate from the first recipient, but also a large amount does and the pandemic relief bills allowed different kinds of recipients to get newly created Federal Reserve USD who did wildly circulate those USD causing massive distortions in different areas of the economy.
