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https://www.zerohedge.com/markets/two-pins-will-pop-stock-market-bubble This is a very interesting if somewhat technical explanation of the forces that are inevitably going to take down the bubbling stock market. “To me, there is only one inescapable economic conclusion – inflation and interest rates are heading higher as better economic growth in the last half of 2021 is delivered by the unprecedented stimulus. Unfortunately, the stimulus is in the form of mostly transfer payments and not in expansion of productivity or capacity. The economic boom will be a sugar-based high and there is an almost inevitable bust cycle emerging by or in 2023 when the heady fiscal stimulus ends. Today’s record stock prices belie a likely hard economic landing that may lie ahead.” (Doug Kass) #stimulus #stocks #stockmarket #theFed #investing
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