It will not end. They may change what they call it or use more proxy buyers. Or they may simply announce that they changed their mind and aren’t stopping.
Unless interest rates rise sufficiently to attract $1 trillion (new) dollars a year in T bill purchases by *someone*, they will have to continue.
Imagine the interest rates required to attract a new $1 Trillion EVERY year forever - because that is what must happen. Imagine what happens to the federal budget when the borrowing costs increase by a factor of 300-400%.
There is no way out of this. Only delay and obfuscation until some random, uncontrollable event causes the whole thing to unravel. When that happens, IMO it will accelerate as anything dependent on the herd mentality will do.
It’s just evolving (or devolving?) into a giant cluster f**k.
Ammo has come down in cost and increased in availability.
Canned good last indefinitely.
Now THERE was an incentive to start corporate America hoarding hiring.