The amount of malinvestments made in the economy during this run of nearly free (0%) money is something that will haunt returns (and retirements) for decades to

The amount of malinvestments made in the economy during this run of nearly free (0%) money is something that will haunt returns (and retirements) for decades to come. Many of the excesses (and confusing financial incentives) in Wall Street and Silicon Valley have their upriver source in the free-money fountain which was pumped by the Fed. Similarly, we see downstream effects in housing bubbles and other asset bubbles. People say this is obvious only in retrospect, but people were warning about it forever. And if you don't believe that, just listen to Congress, the President, and Real Estate agents talking about Fed pumping more today ... they are still all for it. I'm not bullish about the US economy anymore. I think it has become politically untenable to run the economy without this free money pumping. There's too many parasitic sectors in the economy now. They require the economic body to continue to bleed to survive.