I have bought a bunch of GLD over the last couple days.
As I see it when you start sending everyone cash to buy stuff in an environment where more stuff can't be made you are guaranteeing inflation at least in the short term. I'm kind of disgusted really but not disillusioned.
I had no illusions, but it definitely makes me sad.
I'll second that. Politicians never let a crisis go to waste. We may be approaching a tipping point with the growth in debt and printing of cash. Those actions are all sunshine until they break.
Return? Porkulous has been in since Reagan (heavily outspend generated revenues on a national level running up big budget deficits). I say raise taxes, squash fed spending and work down the debt the hard way. Of course no one will do that so I guess it is pointless for me to even think about it.
“The country already blew up debt levels beyond manageable with unlimited QE going back to the 2008 financial crisis bailouts thru to today. Although big government spend above incoming revenues started with Reagan and stagflation recovery. Ever since, the methodology has been severely over rewarded to where now in a blink of an eye our government offers corporate bailouts and slush funds. As if tax breaks weren't a big enough windfall for them (corp taxes below personal income tax levels)”.
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