IMO, absolutely. I just don’t know who exactly to blame for that. It seems to be a competition between gov spending, “quantitative easing” (brrrrrrrrrt), and t

IMO, absolutely. I just don’t know who exactly to blame for that. It seems to be a competition between gov spending, “quantitative easing” (brrrrrrrrrt), and the Fed’s insistence that near zero percent rates forever would work. It seems to me that all of those cause the other though.