Just for reference, the President today began the process of floating a new stimulus plan. This without a care for any semblance of fiscal responsibility. But that is fine as it seems that the EU's charade of refocusing on Austrian economics and acknowledging the abuses of Keynesian economics is becoming more apparent. One might say that monetizing is preferred to rioting.
The biggest coming bull market will be in printing press manufactures and service companies. And pity the poor countries without their own central bank. Those are the countries that can go bankrupt. And they can drag others down with them.
However, my tea leaves still say it's pedal to the metal for the reflation trade. Print, monetize, demonize inflation while debasing every currency. As long as all currencies are essentially devalued simultaneously, maybe folks won't notice. Remember the old story about boiling a frog.
There is always a vaccine for deflation and our FED holds the patent. The only thing that kept the Federal Reserve from doing this in the 30's was gold. Today, that's no barrier.
Stimulus plans are here to stay. And, buried deep within each bill will be bailout monies for state and local governments.
Stayed tuned. We will show you, if you must stimulate, how to get the biggest bang for your buck...and exactly why our government has neither the will nor the intelligence to choose this option.