And when inflation is raging, and the Fed steps in and takes the punch bowl away.
Abolishing telework is like canceling the prom because some immature people spiked the punch bowl.
Lemme compare this bull market with others going back to 1982 when Volcker snatched away the punch bowl.
If it remains at current heights, we expect the Fed to take the punch bowl away with higher interest rates.
The Fed has glued together the punch bowl of excess liquidity.
The surprise success stories feel obliged to parade around talking incessantly, if monotonously, about their wonderful lives, while the perennial underachievers cluster miserably around the punch bowl.
We think there will be an inflection point when the Fed finally takes the punch bowl away, but the low core inflation reading for March further delays tightening.
Or at parties, where the social strain of a couple being "on display" leads one spouse to seek refuge in the punch bowl, the other in the corner.
The old A3 is to be broken up and the land returned to nature, reuniting the Devil's Punch Bowl with Hindhead Common for the first time in almost 200 years.
The tunnel, which will be used by an estimated 30, 000 vehicles a day, runs under the Devil's Punch Bowl, a large hollow of dry, sandy heath, to the east of Hindhead.
Bonds have been in a fairly significant correction since last summer, on expectation that the recovering economy would allow the Fed to begin removing the stimulus punch bowl and raising interest rates.
With investors feverishly searching for yield in any form, ETF issuers are filling the proverbial punch bowl with all manner of equity income strategies, and it seems the cup will soon runneth over.
Bernanke and the FOMC have maintained that such action will only be taken when warranted by data, but there appears to be enough of an expectation that the punch bowl will at least be drained (albeit not taken away) to jar the market.
FORBES: Thrill Of Victory, Agony Of Defeat In A Single Session For The Bulls
"It wouldn't be far off the mark for the press to carry the story 'Greenspan Takes Lid Off of Punch Bowl, ' because your position in the past has consistently been that the surpluses should be devoted to reducing the debt, " said Maryland Senator Paul Sarbanes.
At some point, perhaps mid-2008, the inflationary implications of this full-punch-bowl recovery process will become clear to the Treasury market and the Fed.
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