From this Substack (via Hacker News): "What if your entire worldview was just because of near-zero interest rates?"
The whole article is worth reading. It ends in this:
> The Gordian knot we find ourselves in now is that good economic news is bad financial news. A strong economy means that the Fed will keep hiking rates which is bad for financial assets. Such was the case with the recent strong jobs report, which caused markets to crash. If we had an actual recession now, stocks would paradoxically explode upward because the Fed would have to revert back to cheap money. This alone says everything about how the circuits of value within finance capital have grown disconnected from the economic base.