What I suspect is the FED is working hard to keep the dollar strong and hopefully spark some action out of Europe and Japan. What Europe and Japan need to do is deregulate, but I don’t see that happening any time soon.
The entire goal is to reinflate RE so as not to cause a slew of municipal bankruptcies, exactly the opposite of what FReepers want. If we never pay the piper then why change?
Gonna be hard to reinflate with $50-$75 oil. It is a component of so many manufactured items, transportation, etc.
There is an enormous transfer of wealth to the Middle East that has taken place over the past 10-12 years that won’t be happening now. We can keep that money at home and reinvest it.