Soaring Stock Market – Is This What They Mean By “Crack-Up Boom”?

In 1980, the US government – along with pretty much all of its peers – began borrowing at an accelerating rate. Note on the following chart how the trend line steepened in the 2000s and then steepened again in this decade, with a sudden and unexpected pop in 2015 and early 2016, even as the current recovery entered its 8th year.
The Market Oracle

, , , , , , ,

Comments are closed.