@cha nice post as usual; a little Question if I might?
What did you mean by, "the die seems cast now for the next period to 2024 of low rates unless fed comes up with another qe that is if they have any debt facility to do it"?
qe= quantitative easing? = Fed printing? They can do that indefinitely according to the modern maxim of MMT? (modern Money Theory). So why reference to debt facility?
Am I missing something? Always respect your musings.
FWIW, I have been spending lots of my lockdown life in Victoria trying to get my mind around the entire mess of the current world. I CANNOT get bullish on the future no matter how hard I try.
(20min delay)