The Stock Market Is Screaming That They're OK

I don't think the market's fully comprehending what that means. The treasury needs to raise between now and the end of the year. That's going to drain some liquidity from someplace because they're not buying those bond issuances themselves. So as things get hair and you want to bail out banks, no one has to get approval anymore in terms of these programs. And that to me may be a very bullish thing for the stock market, but it's inflationary. All this stuff will rehash inflation.

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