Why do asset prices keep going up?

Gary Stevenson· Host0:00

Okay, welcome back to Gary's Economics. Today we are going to explain why asset prices keep going up. [coin dropping] Okay, you were probably expecting me to do a breakdown of the local election results, but I've been in France all week promoting my book, so you are getting this video, which I shot last week, which is inspired by the pretty insane situation which you may or may not be aware of, which is that last week, on both Monday the 27th and Tuesday 28th of April, which are just a couple of days ago, and I'm shooting now, the US stock market hit a new all-time high. Um, and just sit with that for a second. Uh, not just the US stock market, the Japanese stock market hit a new global all-time high today. I'm shooting this on the Wednesday morning, 29th. Um, and this, I think, is, for anyone who hasn't ... didn't know this, this is the first thing you need to know. Um, we're sitting here in the middle of, like a, a war which, which has been focused on destroying the economy. That is, you know, the basically Iranian sort of primary plan is to, like, damage the global economy. We are expecting to see, like, a pretty significant collapse in living standards all around the Western world. Well, not just the Western world, the entire world. And yet, despite this, like, collapse, intentional destruction of the economy, intentional collapsing of living standards, global stock markets are, like,