I agree pre 2020 but now stable is a relative term. I spent a few hours reviewing foreign direct investment, saving rates of people and about 25 financial data points on several SE Asian countries.
Basically capital is drying up and savings rates have spiked up over 35% in many cases.
With Europe and the US who were already in a banking crisis pre 2020 now with millions unemployed have started bankruptcies that by summer will stretch into the millions.
Both also have trillions in unfunded liability at the government level and with trillions of corporate bonds heading into default pension funds will need to reduce their payments .... I would guess up to 60%.
Cheers
Oh... there is a new holding company coming that will be the largest investor and owner of companies all over the world. Who do you think this private company is?
the fact that we measure asset value in USD creates an illusion of stability
if we measured asset value in BTC then BTC would look perfectly stable and everything else would be "volatile"