Yes that is the essence of QE which is going to be eternal in my opinion. Japan is engaged in perpetual QE and the ECB is not far behind.

The Fed foolishly believes it can stop. How many rate hikes will it do before the world realizes the mistake the Fed made in today's announcement?

They might not make it to the first one, but if they do, I doubt we see two. The data is not looking good.

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