There is now nothing the Fed can do to avoid an economic catastrophe... I’m sure she knows this and is wringing her hands over it.
It may well be that the democrats don’t really want to win the presidency in 2016. Much easier to let a Republican in and sit on the sidelines and attempt to blame him/her for the disaster. Now the question is - can they stave off this looming disaster until a Republican takes office????
You hit the nail on the head on both points;
The Fed has lost control.
I agree that the Rats don’t want the White House in 2017.
[I agree that the Rats don’t want the White House in 2017.]
I don’t think the GOPe does either. Evidence: Jebby “traitor” Bush.
Obviously, the GOPe doesn’t want the presidency, either.
This is where they were in 2008. Back then, they hadn’t done three rounds of QE at the time either.
I look at QE like chemo. You do multiple rounds and hope the cancer doesn’t spread.
Now its everywhere. China’s over here putting on a brave face, handing over orders for planes. The Russians are about to raid SA and take it over to get them to stop low-balling oil to knock out Putin and Iran (they need oil up around $130 to be fat, $100 to break even).
EU is on its pratt. Millions of refugee invaders and their economies are already stressed to the max. The Brits want no part of it, and now VW is looking at billions in losses due to the EPA here in the USA.