Quote:
Originally Posted by budz2112
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There was not INFINITE liquidity during Obama, you are totally off there. Interest rates were rising again and our economy was returning to normal. UNTIL trump took office. and threw the whole thing in the garbage can.
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You're not wrong, but the Obama stimulus was the first experiment in huge liquidity, carried out by people still stuck on austerity dogma and a tepid public. Trump stimulus was the natural next step. There was no backlash in anointing certain institutions to be the permanent, infinitely-endowed Lords thereby ending any pretense at a fair game of capitalism, so future administrations will do the same is the current name of the game. Now, I am interested in theories as to how that will play out in the long term for sure.