The fed needs to STOP fixing prices. Enough already! I predict decreasing prices for all asset classes until we have fully de-leveraged. 2008-9 is coming back to haunt us in a big way and there is not much Ben will be able to do. He soon will have his hands completely tied! Each move from here on out will have less and less impact. Where do we go from here? More printing? What?
1. consumers have been pulling back 2. baby boomers retiring and will take money out of the market. 3. Debt burden too high and the US will have to sell assets or inflate. (give it a year or so)
Ben is the smartest guy in the room! The twist took care (temporarily) of debt monetization and the commodity bubble burst. Check one for the anti-inflation guys. Yup. He knew exactly what he was doing.