A well thought out, well articulated post on Wall Street bets? Where am I? Rather where are you?

The only disagreement I guess is that I think the Fed is going to fold over like an aluminum chair once things get bad. In my view, the Fed has developed a “never again“ view to 2008/2009 where deep recessions are unacceptable, and the first major signs of sinking in our economy will be met with similarly strong actions to re-orient the economy for growth. We saw this, never again approach at the early stages of the pandemic, the Fed was scared, and the more reasonable approach would’ve been to wait and see how much fiscal stimulus would’ve actually been necessary

I don’t think the fed is really as committed as it says it is, and so much of the economy at this point, relies on debt and borrowed funds and credit, that a crisis or even a sharp normalization would damage the economy far more than the GFC.

I personally thank you for some QC on wsb