Every market type is crashing worldwide. I thought printing money wouldn't cause any problems?

Stock markets and Crypto have tanked hard for awhile now, with "NFTs" and the "stablecoin" Luna having lost close to 100% of their value in many cases.

I remember when I thought I was cool to have made like 25% in a year and some crypto kids were laughing in my face, wearing sunglasses indoors to try and hide how high they were, talking about how they had made a million bucks in the last year. They're probably not laughing now, it seems like the bill is finally coming due.

I've thought of myself as a good investor, having stayed away from crypto, meme stocks and so-on and still done fairly well but even commodities have dropped hard recently as they got over-invested into as a safe haven. I personally was almost entirely into commodities so when those tanked I lost a lot, although still fairing better than the crypto kids.

I saw an article recently which claimed that a box of chicken wings will be over $30 before this is over. Where are all the guys who said that printing money would not cause economic instability or inflation now? Because it's pretty much international at this point. There is no country, no asset class, no form of investment that hasn't suffered over this.

 

Dick Cheney is the only one I remember saying "deficits don't matter". Most others knew there is an issue with money creation, but did it anyway and then came 2020 when they went totally crazy with it. TARP was huge at the time (2008 ), and that was $750B, but in 2020 they quadrupled that amount,

 

That's not the best example since it depends how big the box is.
Probably not $30, but I would guess it could easily reach $19. The really big boxes will reach $29.
Maybe Americans will have to start ordering smaller portions.

 

I'm going to disagree with you. You are not really looking at the data. It's mostly happening in the US, Canada, and European Union. I guess that's "everyone" for some people.

Many other countries (usually Third World) have high rates of inflation, but they have had high rates of inflation for a long time, so there has not been any change. Their inflation is not being caused by anything new.

 

More egg in the face to Modern Monetary Theory.

 

Crypto is a pyramid scheme.

Anyway, my brokerage account is up 13.64% on the year even if it was down 2 and some change today. My 401K, well that is a total other story. Seems like every time a new contribution hits it, it drops by even more than the contribution before next pay day rolls around. Unlike my 401K brain trust, I shy away from large cap stocks. Too much manipulation/brinksmanship going on with them.

 

What are you invested in?

 

Sometimes everything can "go down". There's no reason you should necessarily worry about that.
The question is what's going to go down the least.

In some cases the government uses inflation to try to hide the fact that things have gone down. For example, if things go down 10%, but there is 10% inflation, then you will not really see any price change in that thing.

If EVERYTHING, and literally everything, went down, then I don't think that would be a bad thing. (Are you familiar with basics of the "theory of relativity"?)
"Up" and "down" is only relative to other things.

I think the situation you are specifically envisioning is where everything goes down relative to the cost of labor, or maybe relative to the cost of expensive outside imports from other parts of the world.

 

A lot of oil and natural gas related stuff mostly. Some of it are producer stocks. Some of it distributor stocks. For instance, I bought a lot of shares of CPE out of Canada when it was in the $4's last year and it is now up in the mid $7's

 

There has been a global sell-off, but most 401K investors are in it for the long term, so they'll just wait it out. I am too young to pull money from 401K even if I wanted to, so I don't worry about the dips.