I believe the DOW is going up because there is so much extra money the FED is bringing in - it’s that “irrational exuberance” all over again ... only now we know what is priming the drive ...
Don’t think so Ken.
Look for my article next week in www.uncoverdc.com called “Is the Great Inflation Upon Us?”
QE 1-10 wouldn’t make a dimes worth of difference if we have, as I argue, been in a MASS deflation for 30 years.
Steve Bannon agrees that China has been “exporting deflation” over that time.