As expected, boom time for now as the massive deficit spending raised savings and incomes, recharging consumer batteries, and supply the financial equity to fuel the subsequent expansion.
Look for rate hikes to add gasoline to the fire as well.
The risk of slowing from fiscal tightening is way down the road.
In fact, it’s usually the automatic stabilizers that tighten things sufficiently to throw the economy into reverse.
Again, years down the road.
Someday they may learn to use proactive fiscal rather than let the automatic stabilizers reverse recessions…
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