Having printed this much money, and we are essentially in QE4 and QE
unlimited, the results have been very dismal. I think the Fed is
scratching their head at the present time and can’t believe that when
their objective was actually to lower interest rates from July 25 of
last year, the ten year Treasury note yield has gone up from roughly
1.4% to, a few days ago, 2.7%.
We have an almost doubling of the interest rate because of their QE
programs. I think that really makes them scratch their heads and wonder,
“What did we do wrong? What do we need to do? Do we taper, or do we
have to increase asset purchases?”
