to be or not to be...qe is here to stay

Blind Freddy, blind folded and with a bucket over his head could see that there will be no end to QE. Or rather not a rational, orderly, intended end.

I believe we've just stepped into an irreversible situation whereby CBs have lost all control. Japan has shown just what it takes to perceive an economic recovery: massive endless stimulus.

US payroll figures were reasonable but don't sustain recovery and should the FED ever try to rein in QE in any form markets would crash, bond yields would wipe out middle America, retirees and investment houses.

So we are entering the fairy land of make believe economics where everything is fixed by Keynes' economics: governments and CBs have the stimulus levers that prop up the house of cards and life goes on as normal.

But it is a fairy land and nothing is real: our Strawberry fields forever.

Perhaps the end game will be signaled by a gold advance never before seen as CB frantically try to put their hands on PMs before interest rates wobble and fall.

I never, ever believed that I would one day be in this glistening fantasy world manipulated by desperate men in suits trying to squeeze one more stimulus before Armageddon.