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Is the Fed out of ammo this time?
The worst possible place for money today may not even be the stock market, as dangerous as it is. It’s the bond market.
Milton Friedman said, “Nothing is so permanent as a temporary government program.”
The Fed printed trillions of dollars to bail out the markets, not to save Main Street.
An artificially high stock market gives everyone false signals.
“It’s better to be a year too early than a day too late”