Yes. US stock market is definitely a bubble. What Biden administration and Powell achieved is an unthinkable “soft landing” which most people including myself thought an urban myth. So with that I must say US economy is the only one that looks resilient still and might escape a crash yet again. That said the question remains how long a party can last? In fact it lasted this long because this was the only party in the world, financially speaking!
Good point. But even that might not prolong things for too much longer. I wonder how long Trump and his sycophants can keep this party going.