Stocks on a winning streak | How much will Boeing burn on 737 Max? | The central bank decade

If your stock portfolio has done well over the past decade, thank a central banker.

VIEW IN BROWSER | SUBSCRIBE TUE, DEC 17, 2019 EVENING BRIEF AS OF TUE, DEC 17, 2019 • 04:00 ET DJIA 28263.63 +0.10% +27.74 S&P 500 3192.15 +0.02% +0.70 NASDAQ 8823.36 +0.10% +9.13   Most Active DOW NAME LAST CHG %CHG AAPL 280.41 +0.55 +0.20% PFE 38.90 -0.24 -0.61% MSFT 154.69 -0.84 -0.54% S&P 500 NAME LAST CHG %CHG AMD 42.77 +0.42 +0.99% BAC 35.03 +0.33 +0.95% GE 11.10 -0.07 -0.63% NASDAQ NAME LAST CHG %CHG AMD 42.77 +0.42 +0.99% MU 53.00 +0.06 +0.11% AAPL 280.41 +0.55 +0.20% EDITOR'S NOTE The stock market's record highs, achieved step by painstaking step over the past decade, are in large part the result of the Federal Reserve and other central banks.   Following the 2008 financial crisis, the Fed lowered interest rates and purchased trillions of dollars in bonds and Treasurys to inject liquidity into the financial system, writes CNBC's Jeff Cox.   "It was the decade of the central bank," said Quincy Krosby, chief market strategist at Prudential Financial. And as the Fed expanded its balance sheet by purchasing these debt securities, the money found its way into the stock market and the S&P soared.        As we approach 2020, the Fed continues to keep interest rates low and to put money into the banking system. Stocks inched to new records again on Tuesday.   The Fed's policies have made it easier for the U.S. government to borrow. Deficit spending is on  track to top $1 trillion this year, and the national debt has climbed past a once-unthinkable $23 trillion.   It's hasn't happened yet, but former Fed chairman Alan Greenspan said Tuesday on CNBC's "Squawk on the Street" that such budget deficits court inflation.   "Right now, there's no real inflation at play," he said. "But if we go further than we are currently, inflation is inevitably going to rise."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.   Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  S&P 500 climbs to fresh record, notches longest winning streak in a month House passes $1.4 trillion spending plan to prevent shutdown, sending it to Senate Alan Greenspan says inflation 'is inevitably going to rise' as deficit balloons over $1 trillion Southwest and American will go without the Boeing 737 Max until April Boeing will still burn $1 billion a month on 737 Max even with production halt, JP Morgan says Bed Bath & Beyond's new CEO just blew up his executive circle — in the midst of the holiday season 'Decade of the central bank' ends with the Fed and its global cohorts in need of some new tricks Trump slams impeachment as an 'illegal, partisan attempted coup' in angry 6-page letter to Pelosi Trump to attend World Economic Forum in Davos, after skipping it last time 'Trump totally unchained': Second term could mean more trade wars, Powell exit, new tax cuts     TOP VIDEO Watch CNBC's full interview with former Fed chairman Alan Greenspan   CNBC PRO Apple iPhone sales dropped 30% in China last month, Rosenblatt says after channel checks   SPECIAL REPORTS Two semiconductor stocks could be the best way to ride the chipmaker rally Market bull Jim Paulsen predicts the record US rally will extend into 2020 – but he sees an even better opportunity   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS