"Yes, the economy did recovery (slowly), but it did so in spite of the Fed, not because of anything the Fed did. Trillions in QE bond purchases served only to cap interest rates and drive up asset prices – mainly stocks and real estate." Correct. The low rates did other things sadly. They increased housing costs way over inflation. They discouraged capital investment by companies. They encouraged mass debt by companies that now can't invest because they have massive debt. They discouraged savers and capitalism by destroying the benefits of capital. And they are encouraging massive asset bubbles while destroying all the remedies to counter the inevitable downturn when it comes.

The author is right, however, I disagree that it is brainless or stupid. Their objectives become clear if you look at it as the wicked witch rather than the scarecrow or cowardly lion. Monetary socialism to enrich those in power will lead to the destruction of America through the destruction of capitalism with no incentive to save faster than anything else. Corruption and disincentive to engage in capital accumulation is a deadly pill and that's exactly what zirp to negative rates and QE is and they know it. Wake up. After you assets rise from this absurd monetary policy, then what? Japan or worse is what.

I disagree. The Federal Reserve will find it hard to get more massive QE approval from politicians without a collapse and negative rates are being seen, correctly, as unconstitutional. That means the other countries will ease faster and in greater quantities than the US. The US should hold up as long as they can get people to buy their Treasuries which is an easy sell against countries that don't have Constitutional protections and many fiscally conservative politicians.

Sadly, low rates discourage strong growth as witnessed by Japan's experience. This of course enables the central bank to play God and destroys a normal capitalist system. It also discourages capital investment and inevitably leads to even greater poverty and unemployment. Anyone who knows anything would realize this and realize that the Federal Reserve has no interest in strong growth or low unemployment. These in themselves, will lead to a collapse of QE and forced higher interest rates. The Federal Reserve is perfectly happy keeping America over a barrel, destroying capitalism, gaining power it should never have in the first place, and punishing savers.

The Federal Reserve under socialist dogma will keep rates low as long as possible to enrich those in power just like all socialist/communist regimes inevitably do. We should wise up to the worm we have allowed to eat at our capitalist hearts before we get a real heart attack.

It's becoming apparent that Saudi Arabia is thinking of curbing their increases not due to want but because it is getting impossible for them to drive them lower due to a limit on how much they can produce. This is a good sign and something I think people are beginning to realize. Saudi Arabia doesn't completely control the market and doesn't have infinite amounts of oil. In reality, they are going to have less production in 50 years from now, not more.

Sadly few talk about how the stock market is shrinking as big companies buyback shares and buy other companies and fewer companies replace the void. It helps the stock market in terms of higher prices but eventually it is horrible for future investors. Sadly the quality of new companies is deteriorating as well as the upside.

Strangely Salesforce seems to be hitting a growth wall and is doing like many other companies faces with slower growth, wasting money and diluting stock with dumb acquisitions. Salesforce still has decent growth. It must face the fact it is a large middle aged software company not a vibrant new hyper growth company. Also it needs to stop the ridiculous employee share dilution and recognize it's true cost of labor.

If you want to bet precious metals will rise or inflation is on the horizon, silver seems the way to go. However, if you are unsure gold has less volatility and movement. I think it is more about what risk you want to take more than anything else.

You are looking at consolidation in markets moving upwards. Consolidation if the market moves downwards it looks equally large if not larger and uglier. I agree the bigger the move is if it occurs. But up or down is not clear. The video doesn't give any rational reason to why the economy and the stock market will move higher besides the central banks dumped tons of money. That explains where the market is today but doesn't show any proof the market is still set to rise. Rather, it's an argument that the market is already overly pumped and may be set to deflate without more stimulus.

The issue with consistently low rates is it breeds unintended consequences. Some of the main ones are absurd asset price valuations which leads to absurd and unsustainable housing price rises that slow the economy not encourage it, low capital investment, misallocation of capital and resources, cash hoarding, and decreased investment income.

There are a lot more reasons to raise rates than just inflation. But onto inflation, if housing, oil, and medical expenses weren't nerfed than inflation would be much higher than it is officially. It is time to get an independent agency to measure these since the government's numbers are toyed with to make things appear as they want and not as they are.