He needs the stock market to stabilize his balancing act. While inflation collapses into deflation as the 90% spend out the last of their past and future life savings, a rising stock market can keep the wealth effect alive in the 10%, preserving essential corporations and our beloved institutions - i.e. - if his wall street buddies are happy he is happy. But is a soft-enough landing possible given the present state of societal and infrastructure decay?
bearish rally or bottom ?
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