Copy pasta:

Seriously, this is screaming all the signs of an imminent collapse of a bubble.

The biggest result of a bubble is malinvestment. Inflation promotes malinvestment.

This is like that scene in The Big Short where "Mark Baum" discovers that no one affiliated with the bank's mortgage sales even knows what they are doing. They aren't doing credit checks, they aren't interested in bank statements, they are just pushing out bad mortgages to people who can't afford them, then the idiots run around with the money blowing it out their ass. "Why are they confessing?"

The whole system is on fire, and nobody gets it. The stupidity is a necessary part of malinvestment. There's so much money being thrown around that it's being weaponized and nobody cares if any work is ever done. The over-financialization of the whole economy is blowing up in everyone's faces, and these DIE initiatives are just the most obviously useless malinvestment, that only exists as a method of controlling competition.

I know, I know, I sound like fucking Sarah Connor all the time, but she's fucking right.

The worst part is that this is the mania phase of the bubble. Everyone's just hysterically lying to themselves that everything is perfect. The longer the correction is delayed, the more violent the correction becomes. The Perennial Gale of Creative Destruction can't be denied.