All to be expected with the massive government spending, Fed Reserve “QE” and “stimmy checks” since 2008. All those $$$ had to go somewhere and they certainly didn’t go into CD’s/MM accounts at 0.05%! Stock market is still way overvalued...needs another 25% haircut.
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
https://tradingeconomics.com/united-states/money-supply-m2
All to be expected with the massive government spending, Fed Reserve “QE” and “stimmy checks” since 2008.
—
In many ways, the excesses of 2008 were never corrected, they were just papered over, and now the glue holding paper has come loose.
Now say hello to the subprime auto loan bond market, where the loan pool “has an average FICO score of 553, an average current principal balance of $11,167, an average interest rate of 16.39%...”. What could possibly go wrong.
Heh heh ... Oh, I thought that said triage economics.