And these NGOs were investors who were not sensitive to pricing. Now they are.
Bessant said 25% of the gdp runs through DC. That’s unsustainable. That adjustment is going to be rocky. How much of that money runs through the markets?
The "Fed pumping" that was happening BIG TIME during Obama, and probably even since, has been a HUGE factor in the DJIA climbing to record heights. All the traditional indicators were showing that most companies were too risky to invest in, but the Fed money overpowered all that.
And these NGOs were investors who were not sensitive to pricing. Now they are.
Bessant said 25% of the gdp runs through DC. That’s unsustainable. That adjustment is going to be rocky. How much of that money runs through the markets?
The "Fed pumping" that was happening BIG TIME during Obama, and probably even since, has been a HUGE factor in the DJIA climbing to record heights. All the traditional indicators were showing that most companies were too risky to invest in, but the Fed money overpowered all that.
QE never ended.
Main Street got inflation and corporate America got all time high stock prices.
Bessant said the stock market doesn’t represent everyday Americans. He’s right.