When you see snow accumulating on the mountainside, you know an avalanche is inevitable. That you cannot predict the precise day does not make it less inevitable.
The road down which the can can be kicked is awfully long.
It has already been longer than I would have believed possible.
” When you see snow accumulating on the mountainside, you know an avalanche is inevitable.”
Spring comes, melts the snow and no avalanche. Nature has its own way to kick the can down the road.
About a year after the 2008 crash where we pumped trillions and came up with QE1,2,3+++, a business associate told me the US can do this indefinitely. American dollars are now the crack cocaine that every other nation can not do without. None of them will stop.
Look at how an insignificant rise in interest rates by the fed slowed the stock market. You would have thought someone was offering 6% bonds or something.