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This article cites foreigners and big techs as the source of money without much to back it up. We know that in its institutional panic the US Fed pumped trilli
by apo 7y ago
This article cites foreigners and big techs as the source of money without much to back it up.
We know that in its institutional panic the US Fed pumped trillions of dollars into the economy in the form of QE 1-3:
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
Central banks around the world have followed the US lead in a coordinated effort to pump up the volume and avoid currency appreciation against the dollar.
The Fed for its part is now done with its feeble attempts to draw down its balance sheet. The only reasonable conclusion is that more QE will be on tap at the first hint of either deflation or economic weakness.
This created the everything bubble we now face. Prices have become so distorted that it's impossible to value anything or even rationally discuss the end of the cycle.
The entire episode is without precedent and will probably end in an unprecedented way.