One Reason the UK voted to leave is because the EU which was created to create a more open free trading economy instead has set itself up to create vast rules to restrict trade within its borders. It has gradually become a bureaucratic nightmare run by incompetence on every level.

Central bank liquidity only halts reform that will fix economic problems and, in the process, scares the market because it is not real or sustainable. Sadly it also leads to asset bubbles and income disparity, a toxic mix.

All debt is in trouble unless the dollar and the US economy grows no matter how cheap the borrowing is. Sadly, even the dumbest market participant is starting to figure this out, and the author is right, banks will hit problems as well. QE helps out the few, but doesn't solve the problem and creates other problems, especially since it is 1) suppose to be short term, 2) it is not reversible without causing even worse downturns than it prevented 3) it solves nothing long term, 4) it gives unfair privilege to the few and is open to profiteering and market distortion 5)it is not sustainable and leads to slow growth as people debate when it will cease rather than how much it helps.

Indeed, hellish may be a appropriate word for this. It is weird to see that in housing and the stock market, both are outpacing growth and inflation due to the actions of the Federal Reserve. As for ordinary things, they are biased towards getting cheaper as housing costs rise well above inflation due to the Federal Reserve fueling more upper income inflation to prevent deflation on the low end which is a bit stupid, but that is apparently what they are.

I find it a bit humorous their planned economy socialist leanings are creating the worst income distribution in modern US history. Who would have thought a socialist Federal Reserve head would be so good for elite bankers and so bad for the rest of Americans by halting growth and biasing things towards those who get zirp and everyone else who doesn't. Sadly, this will lead banks as well as the public into a worse future, not a better one. We need a economy that responds to the market and grows, even if it means downturns and TBTF banks failing rather than a no growth, planned economy which leads to inevitable collapse.

There is much unexpected outcomes indeed. In housing and the stock market, both are outpacing growth and inflation due to the actions of the Federal Reserve.

As for ordinary things, they are biased towards getting cheaper as housing costs rise well above inflation due to the Federal Reserve fueling more upper income inflation to prevent deflation on the low end which is a bit stupid, but that is apparently what they are.

I find it a bit humorous their planned economy socialist leanings are creating the worst income distribution in modern US history. Who would have thought a socialist Federal Reserve head would be so good for elite bankers and so bad for the rest of Americans by halting growth and biasing things towards those who get zirp and everyone else who doesn't.

Negative interest rates will only accelerate the deflation unless a bunch more people start borrowing. However, it will help Japan's debt burden. The more they borrow the more they make, lol. The issue is who will lend to them besides their own central bank? Capitalism ceases and you get some form of bizzaro land where the more money you borrow the more money you make and the more money you have the more you lose. Good luck with that.

For obvious reason's even those going negative rates don't want them so negative the average person can make money borrowing from I suppose some stupid person at negative rates.

True you can issue bonds at negative rates. I'm sure the US would love to do that. The issue is, to make them attractive you must dissuade people from deposits that would have more loss. The issue is that it rightfully scares people and so far countries won't go there. There is a litany of issues with negative rates because it's delving into the realm of Alice and wonderland and backward logic. The main issue is that it may have an opposite effect than intentioned. Who wants to lend at a loss and who wants to borrow when money is evaporating unless the government or central bank prints more which looks a lot like stealing.

Last but not least, who extracts the negative money and gets to keep it? I think this is the issue with the unconstitutional ruling. The Federal Reserve can not keep it being that it is independent US government and the negative rates is basically a tax on wealth. The US would need another agency to run this. However, bonds are probably ok because the US govt gets the money and just returns less than they borrow.

CMI is a good unobtrusive dividend stock. That said it did get hammered the last downturn, so it's not a short term investment. It's a long term one that you aren't gonna make a load off of but get you through and still be there when you retire.

LOL banks and brokers told everyone to buy protection and then after the decline told everyone to buy more lol. Then they cleaned up with the Fed going dovish. Given banks and financials asked the Fed to go dovish they knew they were going to screw them.

If it was just short shorts who got screwed that would be fine but despite warnings, a lot of people shorted to protect themselves and lost big time. As I stated before and during, the trading range has been the best way to play the market. Once again we will see if it holds. Loss of a bearish side makes the market all the more scary.

#QE is a cancer that will eat away at the world as it destroys the legitimacy of capitalism. That's because QE is not capitalistic, fair, or beneficial to anyone besides those that get to benefit from it giving up nothing and producing nothing in the process. It would be socialistic save the fact it is going to the few rather than the many thus more appropriately called corruption, besides that it is done in a planned economy which by nature is socialistic. You decide, what should we call it?

QE will always be on the table and any excuse will be a reason to use it. We have let the cat out of the bag. The best way to limit its usage is to 1)take away the right from the Federal Reserve or require they get a vote by Congress because it essentially takes value away from those that have money. If people say QE doesn't have repercussions just announce either of these two solutions and the market will crash.

We could also make the Federal Reserve require a public detail of all their purchases and bar them from buying anything below market prices. This would make the payoff games the Federal Reserve is doing buying assets from TBTF banks at prices higher than they are worth obvious and illegal.

Last QE is bad because there is no way to unwind it without hurting the economy worse than implementing it and even stopping it will hurt the economy. Thus, it never should have been used in the first place, not to mention the market distortions and questionable things done implementing it.