Loading ...I don’t think we ever had a punch bowl this big in my lifetime. And the lipstick is all over the place. It looks like the Dow SnP Nas etc are giddy happy and looking great, or indestructible.
Obviously people have been getting rid of U.S. Dollars like the 1970 to 1980 decade. On stamps, coins, Norman Rockwell, antiques, and Gold and Silver. And to slow that trend, the Fed kept raising the interest rates. Up to 18% on a bank CD or a house loan.
Amusing how Americans were still wealthy enough in 1980 to pay 18% on a mortgage. Its also amusing how the Fed this time is not raising rates to stem the Dollar dumping. In fact, the Fed and US Gov’t are also dumping dollars. They keep topping off the Punch Bowl.
They don’t want the party to end. Because that would probably end the “game” and it would hard to start a new game I guess.
5 yr view Indices: