Starting in the summer of 2020 and peaking in late 2021, various factors conspired to create an economy gone wild: direct-check COVID relief, money printer gone brrrrr, a crypto bull market, and a global population stuck in front of their screens. Instead of the Umami Era disintegrating into pure, gritty dystopia, we saw incredible returns on incredibly random things. Taking seemingly ridiculous risks became a smart thing to do. We call this era Clown Town.
