Inflation has been surging in the prices people pay for things whether that’s housing prices, real estate, stocks, copper, food prices, car prices. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.
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See also U.S. Department of Commerce, Bureau of Economic Analysis, and Congressional Budget Office release reports proving the economy has taken massive downturn Q2, and admits inflation and GDP growth will surpass "unsustainable levels" by the end of the year. 2011 CBO projections v.s. 2021 actual numbers