Dow, S&P 500, Nasdaq end at all-time highs, extending win streak as traders wait for outcome of Federal Reserve policy meeting
Nov. 2, 2021
U.S. stock indexes ended at fresh peaks Tuesday, with all three major benchmarks notching all-time highs for a third straight trading session for the first time since December 2019, according to Dow Jones Market Data...

The Federal Reserve is “arguably the most dovish central bank in the world,”
Good comment from ZeroHedge last week. Seems fiscally much of the west is off the cliff, in free fall, with record gains for the fiscal casino gamblers and the pain of significant inflation for non-gambling citizens just starting to bite. Actual policy has not been to correct the economy, improve productivity and long term living standards, but rather to continue to deindustrialize the west, now with ever more emphasis on destroying the west's energy supply whilst keeping the financial casino afloat. This is worse than incompetence.

"Many seem to forget that only last year that the stock market was on the verge of collapse. In the week ending March 20, 2020 the Dow lost 17%. The month before, the S&P dropped 32%. These were declines not seen since 2008. It was not until March 24, 2020 that Congress agreed to the multi-trillion dollar COVID bailout/stimulus. That same day, the Dow rose 11%, its highest percentage gain in 90 years.

With all countries and all world leaders immediately jumping on the BS COVID hysteria bandwagon, the farce was revealed for what it truly is: A desperate, worldwide money-grab by broke nations/economies through the fraudulent lens of central bank money-printing to stave off, if only for a short time, a complete global economic collapse."
-i The Great Recession never ended
July 27, 2017
In the first few years after the 2008 economic crisis, a great deal of political attention and energy was focused on continuing economic problems. The Obama stimulus was too small, and it was followed by tons of austerity after Republicans swept the 2010 midterms, so unemployment came down with grinding slowness. But as unemployment has finally reached something like normal levels — and as the ongoing catastrophe of the Trump presidency has consumed everyone's attention — possible economic under-performance has faded from view.

But the problems are still there — indeed, in some ways things are actually getting worse. The Great Recession never fully ended.
Economic Policy Institute: Why a fiscal stimulus that is big and fast is so necessary—and why it should continue so long as the economy is weak
March 13, 2020
...even after targeted interventions are undertaken, quick-acting and large economic stimulus will be needed.

What specifically needs to be done? Send cash payments to households and have the federal government take on states’ Medicaid spending for a year. Crucially, each of these should also include triggers to keep them going if economic conditions warrant...

Finally, and perhaps most importantly, stimulus needs to have provisions that carry on if economic conditions warrant. Passing a stimulus that gets us to the end of the year and then creates a sharp “fiscal cliff” would be a disaster. Treasury says plans to borrow $1.02 trillion this quarter
November 1, 2021
The $1.02 trillion in borrowing for the current quarter is the largest borrowing amount since the government borrowed $2.75 trillion in March 2020...

The current borrowing limit stands at $28.88 trillion after the $480 billion increase approved by Congress last month. The debt subject to that limit is currently $25 million below the limit. But Yellen can use a variety of bookkeeping maneuvers to remove investments from various government employee pension funds to allow for further borrowing for a limited period of time.