IF NOT NOW....WHEN....? YES, THERE IS MASSIVE LIQUIDITY TO "SUPPORT" THE ASSET INFLATION... BUT THAT IS EXACTLY THE PROBLEM ...
TOO MUCH LIQUIDITY HAS BEEN PROVIDED BY THE FED OVER A LONG PERIOD OF TIME...
AND THE FED NOW FACES A CURRENCY PROBLEM BECAUSE OF IT...
BUT, THE NOTION THAT IF WE SIMPLY IGNORE THE CURRENCY IMPLICATIONS OF OVER PRINTING THE DOLLAR...THINGS WILL GET BETTER IS JUST NONSENSE...
ESSENTIALLY...MACRO ECONOMICS IS KICKING IN....AND THE NOTION OF AMERICAN EXCEPTIONALISM IS SLOWING BEING TOSSED ON THE SCRAP HEAP OF HISTORY...
AMERICAN EXCEPTIONALISM WAS A KEYNESIAN NOTION...AND IT IS A RELIC OF THE 20TH CENTURY...THE SOONER IT IS ABANDON...THE SOONER THE GLOBAL ECONOMY CAN CORRECT THE IMBALANCES AND MOVE ON TO WHATEVER COMES NEXT...
THE FED IS JUST ANOTHER CENTRAL BANK NOW...GET USED TO IT!
