There is also a rumor flying around that Feb 1 the banks are shutting going to collapse. They don’t seem to be loaning money for mortgages right now and Dodd/Frank has turned things into a maze.
Welcome to Obamanomics.
Although it’s across the pond, could it be coming here to?
http://www.bbc.co.uk/news/business-25861717
The FED seems able to deposit into the banks to make up for all the businesses who are not, and nobody is coming to take out loans on a scale as the FED expects.
Banks will probably have to start charging the FED for their bond buying to make up for the private sector lack of activity. And can I suggest retro-actively.