The Fed's response to the pandemic has been essentially to bail-out every financial instrument. Today we are seeing deflationary pressures. But this is only in the short term. Eventually this unprecedentedly massive printing of money will turn inflationary. We have possibly (I don't know) run the course of inventing new financial instruments to turn money into more money. Or maybe the Fed will continue to exceed its charter and and encourage moral hazard.

One thing is for sure, smart capitalists are searching for real assets to acquire. There is a tsunami of capital looking for preservation in the face of coming inflation. Look for consolidation of small residential leases, productive farmland, productive forestry and mineral land and leases in a big way.