Email a copy of 'The Editors' Quote of the Day:' to a friend
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To be fair to the financial press, quite a few have named the recent increases as a “melt up” (which is normally followed by a pull back of some severity), and QE is not just involved with monetary policy, but with the actual purchase of government securities by the government, which ceased. So, the quote may be overstating things a touch. People are not asleep at the switch, but the tools available to the Fed are somewhat crude and folks are taking a conservative approach in an attempt to try to avoid over-controlling and positive feedback looping in line with “A light touch is the best touch.” If Congress would quit overspending so badly, we wouldn’t be in bad shape, especially relative to the rest of the world.
I should have done my research before I shot off my email. QE purchase of securities has resumed and I missed it.
TJMO $80,000,000,000 daily in the form of t-bills(created from thin air by the Mandrake mechanism) sure looks like market interference(qe) to me. The government and a private institution (Federal Reserve) are criminally conspiring to steal from you and me.
Definition of QE: https://www.investopedia.com/terms/q/quantitative-easing.asp