I'll be the 1st to admit I am not an economist but today I read an long article about the relationship between government spending, the Treasury, and the Federal Reserve. They were trying to explain in terms even I could understand how the Fed monetizes debt. I really was shocked to believe this was legal. I think I now understand why stock market is recovering regardless of record unemployment and record federal debt. I guess I question if stock market is a good long term investment. CD's and savings bonds will never pay more than 1% until some kind of crash occurs. Like I said I'm not an economist.
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