IMHO, there is still far too much excess money and irrational exuberance floating around the economy.
” far too much excess money and irrational exuberance “
And you would be correct .....
WE are in trouble ... the hacks at the levers of power are
fumbeling around trying to walk the razors edge .
We need 10% fed rates and a dose of reality now or we will revisit 1980. It may already be too late.