[quote=markmax33]Any increase in the economy is directly tied to the cheap money lending by the federal reserve and has next to nothing to do with the what the federal government has done to stimulate the economy.[/quote]
I agree this overall. I think the stimulus that the economy got is mostly from increased lending that the household has got in the last few months. People who use to work for 35 hours, now work for 40 hours. And people who used to have a bad job now got a better job. So the banks are now more willing to lend to them given their alternative option is almost-no-yield treasury.
However, this may be sustainable because animal spirit has its own way of growth. The corporate margin is finally declining though and EU/China still pose risks. So it might be a mini-bubble as well. I can’t predict the future.
