The fed printed/borrowed trillions of dollars over Obama’s reign and poured into the banks. The banks bought stock instead of loaning the money to business/people. As the banks bought more stock it increased the demand for stock increasing the price. As the price went up, more bank money chased the high return on “investment”. It is a classic bubble built with borrowed/printed money... What could go wrong...
And there u have it folks!
POST OF THE THREAD!!
(I recently went thru this with my long time bank....was gonna co-sign a small loan for a family member....which i had done many times before...Talk about hoops to jump thru!..I finally told the new banker...I'm co-signing for a 10th of what i have in your bank in savings alone...If you dont make this happen in a week..I'm taking my money elsewhere...guess what..loan was approved in 2 days