You mean the CDOs and MBSs of 2008 infamy are now enveloping the whole dam ponzi machine?

Will Janet be going on TV to beg Congress for a TARPish bailout?

Gollee, Con, push is coming to shove here. When I was a young boomer, "K" meant K-Mart, but that's all liquidity under the bridge now. Wal and Amz have smudged Kmart into the ashes of history and its a brave new world out there. Now K stands for the shape of our "recovery"---one line up, one line down.

Groman points out that foreign central banks are no longer enabling american stimulus addiction.

Now sovran det obligations are 140% of GDP. So Americans will have to get back to financing our own debts. Can we squeeze blood out of a turnip? Can we recover blood sweat and tears for covidic liquidity hookup? Hook me up, said the trader to the tradee.

Speaking of witch, US treasury now depends on stonk market profits/tax receipts to keep the ship of state afloat on liquidity ocean. And gollee, as Treasury yields spiked while stocks crashed, why this has never happened before! and we are in uncharted territory so where does that leave the US Treasury but floating on ponzi seas and T-bills while shell-games of formerly true economic productivity wander on the ocean floor, or on Main Street, whichever floats to surface first!

This has never happened before! Look out! there's something coming at us but I can't see what it is. Oh it's a black swan but i thought we put that one down in '08. Maybe not.