Nope. Money is pouring into the so called “market” and will continue to do so in state and government retirement investment funds
Extractions will take place with the 87ks.
The article is useless.
1) There is no “that’s how the economy works”. When the virus was killing people by the thousands per day, Congress AND the Fed poured stimulus in. Trillions. They had no choice. So ignore all talk of “that’s how the economy works”. There is no “works”. There is stimulus to do things. Not capitalism.
2) There is no law of the universe that says Japan’s present suffering with a Covid peak can’t spread to the rest of the world as variants overwhelm fading immunity. All this past tense stuff is stupid. This guy wants to write an article of doom, then accept the most likely source of doom.
3) There is no history. Trillions were created and handed out. Now the Fed is trying to extract those trillions. It will take years to do that at the present rate. Mostly, nothing else matters. Well, actually one other thing matters. Every year that passes consumes oil out of the ground and that supply is not infinite. If you’re going to do doom, then do it right.