Eviction Moratorium ends on the 30th as well as the federal pandemic unemployment. The treasury general account is floating around 500b and dropping, meaning the USG is going to need to sell treasuries to fund operations( and a lot of them). The only demand for treasuries is the fed, which means its going to have to expand its monthly asset purchases, not taper. So millions of people without a place to live, millions of people without an income (unemployment), and a broke government having to sell a fuckton of worthless paper. It comes down to the Fed and what they decide. 2 Options. 1- New round of stimulus and unemployment, as well as treasury bond sales, which will lead up into an inflationary boom where the notional value of everything just climbs and climbs. This assumes the fed is going to keep the spigot open and on full blast. This buys the economy maybe 12-24 months. 2- No new stimulus. The fed decides to taper. Millions homeless and out of money. 401k redemptions for temporary housing costs. Equities tank. Banks who bought worthless T notes don't have a fed to sell them too. Banks stop buying treasuries. USG defaults on its debt. Total and epic economic collapse. So while I think ultimately the Fed will choose Option 1, Option 2 is still a very real probability. In the end, that's just my thoughts, and who am I really but words on a webpage?