Why The Stock Market could Crash in 2024
Shortages are everywhere! Send it up 10,000 per day - what’s the difference , it's all fake. Share buybacks have skyrocketed because interest rates remain low and companies are having a very hard time finding alternative profitable investments. At the price of some of these stocks, it is a huge waste of money. The market wouldn't be at this level if the federal government didn't incur record deficits in the trillions for two years straight.
The Fed is complicit insofar as they have been enablers of this reckless spending by monetizing all that debt for the government. Their purchases of T-bonds has kept the rates nice and low.
The market won't be at these levels if the Fed didn't feed companies by buying their bonds with stimulus (money created out of thin air). Share buybacks were mostly funded by Fed stimulus and one of main reasons why the market kept going up throughout the pandemic. You can do the math. $120 billion of stimulus per month x two years = over $2 trillion in stimulus being injected indirectly into the markets.
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