Apr 13, 2021
Thanks for reading. But seriously?
No respected economist in the world expected the Federal Reserve to break their own (1913) rules and backstop junk bonds. The can has simply been kicked down the road yet again and the bubble inflated further.
What do you suppose will happen when Central Banks start pulling stimulus? I suggest you study what happened to Japan in 1990 when the economy was red-hot and the BOJ tried raising interest rates.