These claims boil down to 1) Stuff is better, and 2) Only companies with revenues are going public.
But fewer companies are going public at all in the US because of the huge regulatory burden of Sarbanes-Oxley.
And more baskets could simply mean more bubbles.
The fact is that the Federal Reserve greatly expanded the money supply and that must go somewhere. It usually flows into whatever has been rising naturally and makes it rise faster. Too fast.
So instead of normal growth, with new industries gradually replacing old, we go from bubble to bubble.
But fewer companies are going public at all in the US because of the huge regulatory burden of Sarbanes-Oxley.
And more baskets could simply mean more bubbles.
The fact is that the Federal Reserve greatly expanded the money supply and that must go somewhere. It usually flows into whatever has been rising naturally and makes it rise faster. Too fast.
So instead of normal growth, with new industries gradually replacing old, we go from bubble to bubble.