<i>"The music will stop at some point. The fundamental laws of economics cannot be sidestepped by statistical trickery, academic cunning or Fed doublespeak. We either end in a recession/crash with high rates. And preserve whats left of the dollars value. Or maintain a slow edging ascent accompanied by what could very well be the worst inflationary period this generation has ever seen. The lower and middle class will get absolutely robbed as their savings are held mostly in cash or have no savings at all. Prices will skyrocket relative to wages..."</i> Amen times ten. Those who choose to ignore that fundamental truth will nevertheless be forced to face reality when it comes to pass. Debt problems cannot be cured by creation of more debt. Eventually it ends. Badly.
Agree wholeheartedly. I'm not sure its a case of widespread denial. Rather a case of mass ignorance. The average investor, financial planner or money manager hasn't a clue how economies 'work'. Therefore, are absolutely blind to the "writing on the wall" and mindless Wallstreet cheer leading. Blind leading the blind.