What would this chart show without endless rounds of QE?
Japan has provided us a classic example of what we can expect from endless QE. 3 lost decades and a debt to GDP ratio of +200%.
The shills will try to claim QE ended years ago. While that is true here it is not true worldwide. All the worldwide banks are playing the same QE game just at different times. It infects markets worldwide, primarily in emerging market bubbles but the same short term speculation spills over into our market.