This chart at Zerohedge shows just how the market was indeed propped up by the FED. Without the FED, Obama's economy, which he said he would have on track in the first 4 years, would of made the US another Rome.
It appears the "Fed is ending QE because the economy is recovering" narrative is failing (as the world wakes up to the fact that The Fed is being forced to exit due to having broken the markets). In the September FOMC meeting, Yellen put the final nail in the QE coffin by confirming the money-printing would end in October. This is what has happened since then...
This Is What Happens Janet When You Take The Punchbowl Away Zero Hedge
It appears the "Fed is ending QE because the economy is recovering" narrative is failing (as the world wakes up to the fact that The Fed is being forced to exit due to having broken the markets). In the September FOMC meeting, Yellen put the final nail in the QE coffin by confirming the money-printing would end in October. This is what has happened since then...
This Is What Happens Janet When You Take The Punchbowl Away Zero Hedge
Last edited: