Monday 22 March 2021

Boom Or Bust? Boom Over Or Boom On?

 

Baltic Dry Index. 2281 +66 Brent Crude 64.17

Spot Gold 1742

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 22/03/21 World 123,868,982

Deaths 2,727,738

“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”

John Maynard Keynes.

Is the stock casino boom over or merely awaiting a second sugar rush from all the newly arriving stimulus free cash?

In central bankster land, the answer is obvious, party on.

To cure a coronavirus pandemic that hit the US economy by between 1 and 2 trillion dollars, the Fedsters and the DC politicians have flooded the US economy with about 4.2 trillion new dollars so far in 2020-2021, created entirely out of thin air.

Better yet, according to President Biden and the Congressional Democrats, there’s at least another 2 billion to come starting in the summer for “infrastructure” pork barrel projects.

Best of all, according to Fed Chairman Powell, there won’t be any inflation to worry about, and even if there is it will be a temporary blip.  Forget the Fed’s 2 percent inflation target, he says, so what if he allows it to go to 3 percent or even higher.

But exactly how much higher Chairman Powell doesn’t say!

Below, boom on say the casino punters, even China is about to get back into the stimulus-inflation game.

Wall Street's year of bust and boom

March 22, 2021

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