Bank Watch, page-2369

This is what I mean to never bet against the Feds

The only thing preventing them buying equity is regulations. I suspect if they can mitigate selling of bonds directly or bond etf redemotions outflows, the volatility will subside and status quo will give equity recovery a chance.

Forget the textbook capitalism. You only have to look at our RE market, should be have such a big bubble? Dead money punting on an asset class that relies on foreign money to keep it going when local Re tapped our of debt. State coffers are dependent on stamp duties. We stopped making anything of substance when car making died.

It is the mining quarries that is keeping the balance of payment from exploding but with the stimulus now about 20% of GDP, the new reality is debt and more debt to trade out of the economic malaise. Repeated globally. MMT in full swing. This can go on until we get inflation sometime in the distant future.

Even the behavior of gold is out of whack.

DBK WILL not fail, just life support infinity. In time banks will be a value entry.