*click to enlarge"Things are getting better..." well you would damn sight hope so after the $TRILLIONS POURED into this boot....but what comes out IMHO is piss not wine from that boot.
If flooding MORE DEBT on top of bursed bubble debt to even new higher historic levels is all you needed, it would be easy......but YES you expect FED lowering and goosing policies to have some POSTIVE effect economically.
The hope is that by doing what they are doing, by targetting the stock market for appreciation, by inflating another bubble is better than living with a bursted one.
But IMHO as long as this lasts, good for those benefitting, but when the music stops or is forced to stop, there better be some real sustainability here because they threw the kitchen sink at this one......and the stated purpose of lowering long term yields is backfiring as they continue higher....despite HUGE FED purchases! AND HOUSING IS LIMP.
Every tick higher in interest rates, kills those holding lower, but it hurts all new credit potential, mortgages, and new debt issuance will cost a lot more.....something has to give or already is
D
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