Since 2008-09, Fed funds have stayed in the bottom third of the past 75 years of rates, with roughly 10 of 15-16 years at zero, creating a 15-year 'chichin chong' asset bubble in which the S&P rose ~11-12 fold and NASDAQ 100 over 20-fold because money was effectively free; this is the biggest asset bubble the US has ever seen.

causalpending

Speaker

Michael Oliver

Evidence Quote

this is one of the biggest bull markets in history... This one you had a 11 12-fold increase in the S&P since 2009

Source

Worst Bear Market Of Our Lifetime To Start In 2026? | Michael OliverAdam Taggart | Thoughtful Money®
Created: 6/18/2026, 1:59:24 PM

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