Quote:
Originally Posted by Paul
What's your timeframe for the bust?
I think we're looking at September this year, I think there will be a melt up promoted via a post covid/immunization summer boom, one last dose of euphoria before the chips come crashing down. The reality is, once they open up the economy again and stop all the financial support measures, that's when the insolvency really begins.
That's my view anyway
|
Could be. The money has been printed. It's not going away. So even if the printing stops, it's still there and needs to be parked somewhere. The insolvencies mainly rest with the middle class and below, who will effectively be made serfs. This class struggles to pay rent, so they are not the ones investing in the market. Therefore, they are unlikely to affect the market.
Sad as it sounds, the world has moved onto MMT. The fed has printed money, but so has every other country. China, for example, has a money supply equivalent to the US and EU combined. Their printing press is on another level, and still going.