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>And if you have the government’s back who can print funds, that long time could be until the country blows up. I wonder about this. I suspect that if the fed
by Enginerrrd 6y ago
>And if you have the government’s back who can print funds, that long time could be until the country blows up.
I wonder about this. I suspect that if the fed keeps buying junk corporate bonds to prop up share prices, there's got to be a reckoning somewhere. For one, it incentivizes stupid & risky behavior among corporations. I wonder if even the fed can absorb the scope of real contractions in GDP with tricks like this. Color me extremely skeptical. Seems like something will have to give.