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More NASDAQ Charts
Note from the chart
- How crossing the lower dashed-blue line often marks a point of acceleration.
- And note how the purple resistance turned support line from the contracting triangle has ALREADY been tested from above.
What happens if the Fed never tapers its purchase of US treasuries and mortgage backed securities or worse, increases its purchase to fund government overspending?
"QE Forever" is the way they figured how to tax savers a couple of percent a year and not call it a tax.
My guess "QE Forever" would give massive asset price inflation without "official inflation" as wages would remain low. Investors with cash would continue to seek assets that have some sort of real return, such as stocks that can increase dividends and real estate that can charge more for rent.
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