Billow? As in, clouds fluffing and puffing up. BTW, has the Fed gone to the Tetons, yet, where the clouds will wafer up from Colorado's myriad of smoking joints?
The Dow is close to 22K. And, that is not seen as a bubble?
Hey, let's get it back to 12K.
At least, the 4T balance sheet gets news. Yes, it's to be trimmed, This time, there was no taper tantrum. Not as yet, anyway.
Meanwhile, savers, in come cases, are getting a penny on the dollar. Isn't that nice?
Remarks: Modified: 07/31/2017