The Fed, Treasury, whatever shill organization of the Government that is printing up $85 billion dollars of electronic scrip a month to pump half into the stock market and the other half to buy its own T-bills CANNOT last forever.
The stock market, glad to have this infusion of stupid money (from the government, what else can it be?) so it can make more money off of it, will slowly wither back to where it should be. Likewise, there won’t be such a market for our T-bills anymore, at least the ones we have been buying.
It’s all nothing but a big damned shill game with no equity to back any of it up whatsoever. The only thing that could possibly hope to back it up is massive, massive taxation. BOLO for it.
Sequester? Anybody say Sequester? It’s only ONE FRIGGIN MONTHS worth of what’s essentially been going on for 5 years!
I agree. What is going to be interesting to see, IMO, will the Fed and its owners, or the US and governments of Europe win the coming battle over QE or Tapering? Or will there be some sort of compromise, or more likely, a war for distraction?