With Uncle Jerome & Co. using "all tools available," QE'ing hundred of billions each month to "keep markets liquid" and basically keeping the money printing amps on 11, how long will this continue?
I envision a Fed meeting in the future, a lá Bernanke 2013, slightly hawkish statements will be made about the QE program, and the sky will fall.
By the time the announcement is made, everyone will have their positions set up months in advance. What will be the first indication that the "Punch Bowl" will not be refilled again? That Last Call is coming soon? Where will we see the early warning signs?
Or, am I delusional, and the Fed will kick the can down the road, and continue to print money for years to come.
I envision a Fed meeting in the future, a lá Bernanke 2013, slightly hawkish statements will be made about the QE program, and the sky will fall.
By the time the announcement is made, everyone will have their positions set up months in advance. What will be the first indication that the "Punch Bowl" will not be refilled again? That Last Call is coming soon? Where will we see the early warning signs?
Or, am I delusional, and the Fed will kick the can down the road, and continue to print money for years to come.