Fed has been pumping for what...going on 4 years+?
So where are the jobs?
8 million LESS jobs in the US than 4 years ago.
In interest rates are artificially kept at zero. The Fed keeps compressing the spring. One of these days it is going to blow inflation sky high. Yet that $85 BILLION Fed is pumping into the Treasury is doing zilch. It is better to pump that money to entrepreneurs, not the government who spends the money for non-productive items.
Jobs are stagnant, GDP growth is stagnant, manufacturing is stagnant, personal income is stagnant. The only thing Fed is stimulating is the stock market and manufacturing in China.
I agree,
The issue is, what’s next.
The FED, is not stupid. They are in a trap.
They are using the only tools available. Which is to fight DEFLATION by facilitating INFLATION. It really is just like Japan.
They could have stepped aside and let the market and free people figure it out, but because they CAN do something to alleviate the contraction, they DID and are DOING the only thing they can.
It’s a trap.
Look at Japan.