California had an Incredible wealth boom. What's behind it?

[Redshadowz]

Originally Posted by DrPibbs

The pandemic made the rich richer and the poor poorer. The world gained many more billionaires within the last year. Just look at how much money the banks made.

But where did all the money come from? Do you think it is strange that all the asset prices went up sharply during a pandemic?

[momonkey]

Originally Posted by beb0p

The way you say it makes me question if you know how IPOs and stock market works.

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I know both are worth whatever they are worth because people believe that is what they are worth.

Most people actually have no idea what their investments are really worth, and as long as the trend is up, few actually care.


It's a little dated, but still relevant...

https://www.rollingstone.com/politic...achine-195229/

[paracord]

Originally Posted by beb0p

Obviously the liberals in CA are ruining everything! Those stupid Californians could have voted Republicans and be like the great Alabama or Missouri!!! Instead, they have to live with being rich and happy. Their lost.


https://www.youtube.com/watch?v=EKqq4bRa7QE

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California had a net population decrease for the first time in modern history, going all the way back to the Gold Rush of the mid-1800s.

Ask the Californians themselves why they're leaving.