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My sense is the foundation of the economy is squarely based in cheap money, nothing more. The tax cuts went to stock buy backs and is growing our national debt on a pace unseen. Unemployment rate is based on low paying service sector jobs.
The Fed is in effect acting like a venture fund. Cheap money means everyone is "investing" in growth. At some point those loans need to be paid back. And at some point the $22 trillion national debt needs some responsible management. No one in government cares about the national debt because they a betting that it won't blow up for another 5 years at the minimum. Spending and spending buys what? Votes. And that's all they care about.
This country is going to crash harder than 2008 in the next 10 years. But who cares, money is cheap now.
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Tru6 Restoration & Design
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