By this I mean, do you think that high government spending dependent upon high debt contributes to greater stock market performance. Financial repression during levels of high g-debt leads to unattractive private debt, and long-term debt, which essentially becomes a savings account.
If you think about the period between 2010-now, there's been a record amount of wealth creation due to higher debt levels pushing investors more into stocks, no matter how pricey they become. So, in an age where we might get more spending and not so great growth, do you think this is a natural, unintended stock market boon? Has that been the main cause of recent wealth creation from stock market appreciation?