(11-19-2021, 10:40 AM)bankerboy Wrote: Anyone having concerns all this BBB spending will eventually crash the markets?Not at all. Pretty much locked in another six months of stock market happiness. When we stop spending is when I get worried. At the risk of ticking anybody off, starting with George W about the day after 9/11, each president has doubled the deficit spending of his predecessor. Literally doubled our deficit! And most say it's other party that wastes money. It's hard to listen to partisan ignorance. Stock market valuation has adjusted to this so it won't be good at all when we return to sanity.
With inflation rampant, how long before the “quit buying stuff” becomes a theme because food and fuel consume disposable income???
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There is plenty of blame left for the FED. The taper should be complete and we should be staring at a small interest rate increase about now. THAT would put a leash of the euphoria. Home prices have mooned and these jokers are still buying up mortgage paper? Why? Great, now nobody starting out can afford a damned house. I'm just playing the cards we are dealt but we deserve what we get when it comes tumbling down, whatever year they finally cut off the juice.