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bigworld

04/15/24 12:49 PM

#1231 RE: gfp927z #1228

gfp: The underlying fundamentals of the economy are horrific. The only thing holding up the whole house of cards is that the Federal government is still able to pull future revenues into present era spending. The Federal government will spend about $3 Trillion this fiscal year ABOVE what they take in in taxes. Lots of those Dollars find their way to Wall Street one way or another. Hence we have a speculative bubble in almost all asset classes. At some point....next week, next month, next year....the debt bomb is going to explode and take our way of life down with it.