It's 20% in reality pending statistical tricks. Yes, it does
work. Unemployment is 95% in Zimbabwe, even though you hate
this parallel, the Fed is printing money hand over fist and
they go directly to financial, not real economy. In other
words, that printing supports the house of cards with no
real manufacturing activity. However, since it does support
it, I would not bet against that at this time. Unless of
course... interest rates start really rocking from here, which
would be very bearish and a signature of monetary policy
failure, something we need to be watching for this year.
The amounts of confetti at the Fed is unlimited, and they
are using it in unlimited fashion these days, which makes
these markets not shortable, except short term. Their main
concern is that the house of cards they built will
collapse, and it almost did. There are no attempts to really
diffuse the derivative bomb, just prop it as usual. The
amounts are huge, measured as a large fraction of the GDP
of this country and the World already. We are going
Zimbabwian, and Spoos will exceed 100K in 3 years. The
choice has been made, the Fed chose the "easy path" to a
complete Hell of disintegrating our money system. Have some fun
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