I wonder if this has anything to do with prices being grotesquely overextended? It's not normal for a market to double in less than a year when inflation is otherwise low.
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Alternative explanation: the growth of money manifests itself by inflating some prices before others, e.g. the stock market before groceries. After all, money must flow through the system before price levels reach an equilibrium that matches the new total amount of money. And if the State keeps printing more money, there is no "equilibrium", just unstable price signals until the next crash or major change in the rate of money growth.