FED reminds of the old adage “holding tiger by the tail, you can’t let go because the tiger will devour you”.
FED is under the delusion that they can maintain a smoothly growing economy for ever. In that effort, they have created a giant and ugly bubble in stocks & hard assets. Economy works best when allowed to self correct. Occasional recessions serve to bankrupt unproductive entities. Instead FED+Treasury are trying to prop up everything.
Any black swan event is now capable of crashing the bubble. Covid did that in March 2020. There will be another coming sooner or later.
>>Covid did that in March 2020.<<
That was very short lived. Bounced back pretty quick.
We’ve not entered a bear market in quite a while.