$12 trillion of QE and the lowest rates in 5,000 years ... for this?:
It's not a very long article. I've written on the subject before -- these times are historically NUTS! Massive inflationary monetary policy, but other than the stock market, where is the BOOM!? There ought to be a boom!
I really don't think anyone has a clue as to WHEN the "crash" is going to happen. Everyone that pays minimal attention realizes that these sorts of financial unnatural acts are not "sustainable". "The event" might be deflation, who knows? To some degree, we have had more inflation than we realized, and growth is probably WORSE than even the numbers we see.
Most likely we would have been far better off had we allowed a lot of the speculative and uninsured financial system to fail in early 2009. We find ourselves somehow staggering on when we ought have allowed the "creative destruction" of the market do some destruction so we would be CREATING something other than tepid 2%ish growth.
'via Blog this'