they like balloons; bloom whatever. we can inflate all class of assets the way japan has done. Now; the fed tell us we would not have recession; because this time is different. Perhaps.
They bought Pebble Beach, silly! (and along with a bunch of other assets, sold them for a massive loss just a couple years later)
Exactly. The cash has to go somewhere, some assets have to get inflated. Otherwise, there may be hyperinflation. Gotta hide the cash. Once again, USA might be the biggest benefactor if the emerging markets fail to regain confidence. Unless the money supply starts shrinking, makes little sense to sell some of these equities. I'm guessing sideways market, since the buying will be selective. Recession talk is all smoke & mirrors, there never was a recovery. But an "official" recession means a downturn for the financial sector, which is a huge component of the market and the economy nowdays. It's all about illusions and perceptions nowdays, noone wants to hear the real truth anymore.