Daily Archives: January 24, 2017

The Long View

By -

“You can’t print your way to prosperity.” I used to believe that, but……….meh………here’s what yet ANOTHER “stimulus” package from Congress did for stocks today:

0124-breakout

A new lifetime high in the NASDAQ as well as the S&P. That’s what a trillion (with a “T”) dollar infrastructure proposal from Congress did. And, after all, it’s easy to conjure up the money; since we’re already $20 trillion in debt, why not pile on another trillion? Hell, that’s only 5% more debt!

(more…)