S &P 500 just broke through 3700! Highest it's ever been in history!
- Thread starter JSOP
- Start date
It was the free fed trillions that is giving you s$p 3700!!!
Wilshire 5000 to gdp is absolutely frightening!!!!!!
https://fred.stlouisfed.org/graph/?g=qLC
Wilshire 5000 to gdp is absolutely frightening!!!!!!
https://fred.stlouisfed.org/graph/?g=qLC
And this is with Fed only paying $300 weekly unemployment benefits and not the $1200 cheques. Imagine if the Fed actually signed off on the $1200 cheques!! We will be hitting 4000 today!
The Fed has zero say on government handouts. Fed easing and government handouts are originating in two completely separate entities. One is the administration, the other a central bank. You do realize the difference, no?
It might be the same entity in a couple years. Probably in next crisis (15% drawdown on S&P500) Fed and Treasury will merge. There's a reason they chose Yellen...
Perhaps or not. It would be a sad milestone of a country that would go in the exact opposite direction to what it has preached for 200 years. Central Bank independence was and is one of the cornerstones of responsible governance of a civilized society. We can argue about the degrees of easing and how it is justified (or not) but independent monetary policy makes a lot of sense. Please note that I don't want to waste my time arguing with those wearing tinfoil hats. Not saying you do of course, but just saying.
What till we all get UBI, s$p will literally surge hundreds and hundreds of percent, but inflation for some reason will be as quiet as a sleeping bear in hibernation
