When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. - Keynes, 1936.
It perfectly describes what is going in in the US recently. Pumping money into financial markets hoping it will fix economy - sometimes it does, sometimes it does not.
Keynes was so brilliant, no wonder americans distorted his theories and made them taboo in academia.
It seems the will keep going - nothing stops this train - for at least 12-18 month, so 2026-2027 will likely be good for risk assets. But in the end of the day if it results in hyperinflation we will not be happy anyway. Hope the will find more sensible way to fix their economy.
