It can’t go up forever. It can go up for a while, even now.
Imagine the folks who bought in on faith mid 2009.
Then they would have done extremely well today, if they held on. I did very well under Obama, the market was very low at the time. At the same time the national debt and such went up as well. I have my doubts as to how long we can subsidize the market with debt.
Two Trill on new paper takes time to slow down. Start-ups are everywhere. This money is moving fast. Home Financing at record highs. This is secure loans.