The financial market is the market for investing in stocks, bonds, real estate and gold. If the flood of money flows to the commodity market, c p i and p p i, which reflect prices, will rise sharply.
If the flood of money flows to the financial market, the price of financial assets will rise sharply. After the global central banks released the water, the c p i of various countries has not risen much, but the prices of financial assets have risen a lot.
This shows that a priori money has flowed into the financial market.
Then why did the super-issued currency not flow to the commodity market to raise prices, but to the financial market, raising stock prices and housing prices? If the over-issued currency flows to low-income groups.
After the low-income group has money, in order to improve their lives, they will increase their consumption and buy more goods. At this time, more money flows to the commodity market, and prices will rise.
Conversely, if more money flows to the rich, since the rich’s demand for ordinary consumer goods has reached the upper limit, more money will only be used to invest and buy luxury goods.