"In the US alone the Fed has bought $4 trillion of bonds in the past 18 months, while the US government is spending $875M per hour in 2021.
This is driving people further out the risk curve, and as we’ve said in the past, “QE Infinity turned your savings account into your checking account, the bond market into your savings account, the equity market into the bond market, the venture market into the equity market, while given rise to the crypto market as the new venture market.”"
"In the US alone the Fed has bought $4 trillion of bonds in the past 18 months, while the US government is spending $875M per hour in 2021.
This is driving people further out the risk curve, and as we’ve said in the past, “QE Infinity turned your savings account into your checking account, the bond market into your savings account, the equity market into the bond market, the venture market into the equity market, while given rise to the crypto market as the new venture market.”"