Tulipmania.....US style...
When you talk about how well our stock market and economy are doing, cast a jaundiced eye to the foreign exchange rates. Look at the increase in costs for your Lexus, see the value of the dollar dropping--down 21% against the euro during the Bush misadministration.
Consider, the house I designed and built in 1974 for $38,000. on a lot I paid $12,000. for, is presently listed for $ 849,000. Silly me, I was taught that a depreciable asset had a useful economic life.
We turn reality on its head at our own peril.
Publius