Keep in mind, it took $7 trillion in fiscal & monetary intervention to get to this point. Pick your horses! Bubbles defy reason and this historic set of liquidity injections have created the illusion we can print ourselves out of the current mess and as long as the liquidity equation retains control the asset bubble can grow, grow to become ever more of a risk to the economy’s long term health for nothing good comes out of a bubble bursting.
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