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‘They hold the cards now’: Trump allies fear Iran is slipping beyond the president’s control
(www.politico.com)
this post was submitted on 17 Mar 2026
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Ya pretty much since Covid. It’s hard to have a free market when all the capital is in the hands of a handful of people.
Way before that, actually. At the very least, since GFC of 2008. Traditional valuation models died long ago. My vague belief is that the only deciding factor for markets now is the amount of capital free for investing (and that multiplied massively through QE and covid handouts). So we have trillions of dollars sloshing around looking for a home. Be loud as Musk and it will flow your way, regardless of what you are actually producing. Hence the unhinged valuations of several top companies.
Well said. The GFC certainly laid the ground work and created the idea of “maybe we should print a lot of money instead of allowing stocks to decline.” They mastered the art in time for Covid tho. PPP loans and bailing out banks and all kinds of tricks came together in 2020 to create massive wealth inequality in a short span of time. The last 6 years have felt much more painful than the previous 12