You comment is self explanatory. Keith can’t defend his premise as you suggest as it is obvious that defense would be just weak wishful thinking.

It is obvious that unlimited deficit spending would be hugely inflationary and unlimited printing of dollars would be even worse.

Actually considering the level of U.S. debt on the Fed balance sheet we are close to unlimited printing of dollars and only our poor measures of true inflation are masking the inflationary effects.

Why is the Fed gaming the markets so hugely while we are nearing the end of the current expansion? The non-QE funding in the Repo market? WTF. Joke.

I think the Fed is just on the verge of panic. This house of cards is very shaky.

If any place else on the planet was better all the money would shift there at the speed of EFT. When the current U.S. markets are your best bet, things a “hugely bad”

We might avoid a crash but the rank and file will not see real, real wage gains. The powers that be might be able to fudge the employment and inflation indices but the real people will still feel pinched.

TEK