Sure, I agree. The degree of speculation has been rising for decades and had gotten to truly absurd things like trading jpegs of cartoon monkeys. Bitcoin seems dumb to me, but the "forever ape" is the most absurd thing the market has ever produced in my opinion. That said interest rates are probably going down again eventually, even lower, and something even more incredibly fucked up awaits. The expansion of credit is the only thing keeping the economy alive and it makes the rich richer, and that is very popular with the rich people that determine policy so they're going to do it and ignore whatever weird shit that crops up as a result, until there are no future cash flows at all. Then maybe we'll change course when the absurdity can not be denied by anyone, maybe.