It will take lots of Fertilizer
What am I talking about. I am in a sense an old farmer, growing up on a farm and my first job out of graduate school, as manager of a large corporate Illinois cattle and grain farm followed by 50 years of Chicago based trading.
I have gotten a little pushback on my comments yesterday, about how the Biden Presidency will not keep the speculative bubble going. To me it is real simple, the economy is farmed out, the soil is depleted, it will take some time to be replenished, more than four years. So at this moment everyone is focused on how much stimulus (fertilizer) is being applied, they cannot make enough to hold up the yields (stock prices).