It’s hard to understand the quick rebound in the financial markets, but it should be obvious to even the layman that you cannot truly borrow your way out of a financial bind, which is what the US government has done. We’ve only delayed the pain that *must* be felt and probably made it worse.
“The Fed and other policymakers seem unaware of the monster bubble they are creating. The longer they remain blind, the harder the markets will fall.” Full article
–Nouriel Roubini