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There is no sane way back now…it will go on until it doesn’t. All the power brokers are convinced it will work, it has to, and the Titanic could never sink.
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All over the place, as usual. You folks fail to realize masses don’t give a s*** about anything posted here. They only want the stock market to go higher. They want to get rich with no risk and no labor involved. Politicians want to get re-elected. The President is totally ego-driven and won’t stand for the markets going down. He takes credit for up, and berates the useless Fed Chief as incompetent, if they go down.
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Nothing is more important than Greenspan’s “wealth effect”, nothing! The economy is 75% consumerism and the government is now over $22T in debt with reckless spending. They must always kick the can, no other choice exists, except collapse. The Fed bankers are not stupid, but they can NEVER stop with QE, and can NEVER normalize rates or wind down that $4.1T balance sheet. If the economy stalls and the markets fall, the Fed WILL intervene…get used to it. It is their number-one understood mandate!
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Consumers have been taught to spend more than than have with no worries, the Fed has their backsides. Buy new I-Toys, SUVS, vaca condos, boats, anything…Fed has them covered. Their massive debts are buying their jobs. The politicians and Fed get this. Spending drops a lot…millions of jobs go away…the repo man has to hire more staff. Banks foreclose and need bailouts. They WILL bail the banksters again…they have to…get used to that too. A run on the banks and our cities burning, is not an option.
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There is no sane way back now…it will go on until it doesn’t. All the power brokers are convinced it will work, it has to, and the Titanic could never sink.