Please enlighten us then.
.................
Beats me.
But I can guess.
First of all 95% the money the fed has created is just ledger money. It just stays on the books. It hasn’t gone into the real economy. It hasn’t gone anywhere. The 5% or so that has got out into the real economy has gone to the stock market which has juiced up values there making the rich richer and returning 100 billion dollar or so in tax revenues to the government. —which shrinks the deficit.
There is something else and likely more significant.
The fracking revolution has added about 40 trillion dollars worth of oil and gas to back the dollar...That money came ex nihilo from nothing. (just like the feds QE’s. The fracking revolution is currently adding about 400 billion dollars annually to the USA economy on its way to 1 trillion dollars annually in 3-4 years. Last year the additional oil revenues added another 100 billion to federal coffers thereby helping to shrink the federal deficit. As well, annual increases in oil production in the 1 million barrel range for the last 3 years are according to the IEA expected to continue through 2015. These oil production increases are shrinking the US trade deficit steadily.
The fracking revolution is forcing some very serious shifts in capital flows around the world—that favor the dollar.
The long term (measured in decades and centuries) moral and social collapse of the USA continues apace but the short term (measured in years and decades)financial collapse of the USA has come to a sharp halt and is currently being turned around —at least for a time.
The only hope I see is if there is an intrinsic value within all the technological advances of my lifetime that has not been completely accounted for by the government printing press. Maybe enough to prevent a massive crash, at least IN MY LIFETIME.
No expert, just observing life and the market.