Enough consumers, flush with free money, suddenly eager to pay those high prices, particularly for big-ticket items they didn’t have to buy. Magic Mix.
The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
The total focus on the Fed. And then the Fed steps away.
This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades.
It works until it doesn’t. Now all eyes are on housing.
And for buyers, it’s a Perfect Time to make a Terrible Deal. The winner in these crazy bidding wars is the seller.
These manias and the rising long-term yields are on collision course.
In 2012, dude offered to buy my book for 1.5 bitcoin, a “Monetary Revolution” that “doubled in 4 months.” I’d just need to hype bitcoin on my site. That’s still how it works. And big highly leveraged players with huge megaphones jumped in.
The historic short squeeze, engineered by millions of deeply cynical small traders, exposed just how rigged the market has been.