An important thing to remember: If Zimbabwe goes bust, or Argentina, or Japan, it’s a very bad thing for them. If the US goes bust, it is a very bad thing for the world.
True. However, Argentina seems to be going in the right direction. I’m not sure if we are ( see recent big so-called beautiful bill, which doesn’t control unnecessary spending ).
I wonder if this is why the Federal Reserve has been buying up bonds lately.
I think they plan on defending the dollar and buying up bonds to shore the currency. They can sell stocks to buy the bonds if needed. That means stock prices will be stagnant for a bit, but if the US economy picks up, it might even out.