I've read "analysts" who say it's not that big a deal, and other say it's an enormous deal. I don't know, I suspect they don't either. Reality may be in between. The Fed has pumped enormous liquidity into our market in a brief period of time and that concerns me, a lot. Our government is still running massive deficits in a time of economic expansion, that ain't good. We continue to run a large trade deficit, decade after decade. All that together isn't good, in my view, but the ultimate collapse, if there is one, could be years off, or tomorrow.
