Too high for too long. Shit broke. Feds will convene to unbreak what they broke by bailing out their buddies and printing more money.
They will say, without our intervention.... it would have been much worse.
Of course we knew all along how this would end.
Why would people sell assets if money printing is coming? That sounds dumb?
it is dumb in the long term but they are trying to avoid the drop until printing hits and because the impact of rates may not be felt for a year
The majority of the population believes that inflation is due to climate change, not their lords deem "necessary quantitative easing". We are dealing with a keynesian stream in which logic flows like molasses.
Liquidity trap. Everyone is in debt up to their eyeballs & they have to sell assets to service their debt.
So we're seeing people "rob Peter to pay Paul" as the saying goes?
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