{"id":85403,"date":"2025-08-28T06:42:37","date_gmt":"2025-08-28T05:42:37","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=85403"},"modified":"2025-08-28T06:42:37","modified_gmt":"2025-08-28T05:42:37","slug":"loose-money-in-pursuit-of-unearned-profit-is-recipe-for-disaster","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/08\/28\/loose-money-in-pursuit-of-unearned-profit-is-recipe-for-disaster\/","title":{"rendered":"Loose money in pursuit of unearned profit is recipe for disaster"},"content":{"rendered":"

I keep saying the US stock market, and quite possibly its economy, will crash, and this chart explains why.<\/p>\n

This was published by Adam Tooze in his newsletter<\/a> yesterday:<\/p>\n

\"\"<\/p>\n

If you want an indication of stock market volatility, that is it.<\/p>\n

Wow, is all I can say. This is beyond hype and bubble territory: this is economic insanity driven by loose money pursuing profit unrelated to any real-world activity.<\/p>\n

Does that create the potential for the bubble to burst? You bet it does.<\/p>\n","protected":false},"excerpt":{"rendered":"

I keep saying the US stock market, and quite possibly its economy, will crash, and this chart explains why. This was published by Adam Tooze
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204,35,75],"tags":[],"class_list":["post-85403","post","type-post","status-publish","format-standard","hentry","category-economic-justice","category-economics","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/85403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=85403"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/85403\/revisions"}],"predecessor-version":[{"id":85405,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/85403\/revisions\/85405"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=85403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=85403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=85403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}