[richmtn]

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And the only thing that will make the Congress or the Fed stop is when the pain of printing money to keep buying more and more debt, to keep interest rates artificially low, in the face of rapidly rising-price inflation and a declining dollar, gets too horrific to bear. I think the scientific term is the reverse of the "Big Bang."

Oh, everybody likes to talk about what happened AFTER the Big Bang, but nobody likes to talk about what happened leading up to it. I, however, easily tread where no man has gone before! I fearlessly travel the Dark Side of the Force! I am (pause for dramatic effect) Mogambo!

In the usual meaning of the term Big Bang, it means that the universe has collapsed onto itself, and squeezed everything into one tiny, dimensionless dot, and then there was an explosion outward, with glowing bits of burning stuff being hurled willy-nilly into the cosmos, and the sound it makes is a really loud BANG! The primordial matter goes shooting out, cools, gets transformed into planets and people and factories and intangible assets, creating the universe. In the reverse, which I call the "Gnab Gib," because it literally IS the reverse of Big Bang, prices of stuff, say, oh, over-valued assets, disappear FROM around the cosmos into a single point. I mean, what IS the net present value of a factory that is about to condense into the nothingness of singularity where the Gnab Gib and the Big Bang meet? And since the factory will emerge from the other side of singularity after the Big Bang as dispersed blobs of molten goo, sprayed out into the cosmos, and it will not cool for, let me check my calendar here, oh, say, about a million years, then the future value of the factory must be approaching zero. Except for those who "think long term." Then it has a P/E of, oh, 34. You know, right around in there someplace.
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Mogambo