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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5289399" data-attributes="member: 79702"><p>I agree, but the opportunity was also lost in 2018.  Hindsight being 20/20, had the Fed stuck to it's guns in 2018/19 and raised rates and started QT, they could have reversed course in 2020 instead of sending everyone cash.  In 2020 the Fed was trying to bail a sinking ship with a teaspoon.  Two plus trillion in spending and another 700 billion in subsidies were the only bullets left at the time.</p></blockquote><p></p>