$SQQQ Newbie question about economic policy and the market. IIRC, the President recently talked about firing the Fed Chair after increasing the repo market to $1.5T, apparently deeming this insufficient intervention. He also made it clear that the short-term, literal physical health of a large percent of the population is something worth sacrificing to achieve economic movement again. Whatever your opinion, the administration's priorities are crystal clear. Now Powell has promised infinite QE. Congress passed the $2T stimulus bill. With the backing of essentially all the dollars the U.S. can print or borrow, how long can current policy backstop what seems like would otherwise be a falling market? In other words, with an unlimited burn rate, how long can the U.S. keep this up? Can it go on until vaccines are invented, produced, and distributed (18mo - 2y)? It seems like until the backstop runs out, it's safer to be bearish on this. Is this a sane assessment?
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