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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5421242" data-attributes="member: 79702"><p>The market is trying to figure out the future cost of capital.  If the Fed had stuck to it's guns in 2018 and rates had gone to 2.5/3% through 2019, we would have had dry powder to take on Covid.  Seeing as though they didn't, their only recourse was helicopter cash for every man, woman and business.  It's like buying a house, you feel great signing the papers, moving in and showing your family, but when that first payment comes, reality sets in.  Plunging 6 trillion extra dollars into our economy felt good at the time, but the payments are going to eat us alive.</p></blockquote><p></p>