Well, I can see it happening. A, I don't believe in fairy tales and I don't believe in the tooth fairy. I believe in the business cycle. I think this one is coming to an end very quickly in my opinion. The Fed is already behind the curve. The bummer gets told you that and they're going to have to be very aggressive. People tend to forget that before QE, they did a lot of other stuff and they will do a lot more. They won't have a choice. They call it modern monetary theory because it's some Democrats way to help fund infrastructure or green technology, but really it's quite simple. It's called debt monetization. It's so old. It's written up in the Old Testament. Basically, the Treasury puts a $5 trillion perpetual coin or a century bond on the Fed's balance sheet. The Fed prints $5 trillion and gives it to the Treasury to do with it what they want. They will retire student debt. Maybe that will finally remove a major obstacle for the housing market, which never fully recovered this (51/57)
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