Pre-boomers and boomers, holding onto their savings and assets.
2008 showed us that stock holdings and housing holdings could be halved in no time flat.
So a record number such as $80T could easily be $40T in a few weeks given the proper circumstances.
it’s amazing how many inches you can squeeze into a foot when you shrink the inch
IOW, the dollar is shrinking driving everything measured in dollars up.
this is not due to a strong economy but an accounting trick. it would be due to a strong economy if gold were down and the value of things were up