I guess I still don't buy into the end of the world.. the US as the Weimar Republic.. model.. as I ASSUME that the Knuckleheads in DC.. both at a White House and "up on the hill" will get their acts together...

However,... some days you wonder... ???

The Fed is not currently growing it's balance sheet.  If they were it would be easier to buy into what John is saying...

Yes they are buying more debt.. they are also receiving $$$ from earlier purchases.. the two currently cancel each other out.

What the knuckleheads MUST understand is that UNLESS THEY ACT.. the FED WILL NOT be able to inject.. or grow their balance sheet.. like they did in 08/09.. IF THEY WERE FORCED to..  then I guess I'd start to consider drinking the kool-aid.

NOT TODAY though...

"Surely they will come to their senses... uh-hum."

I do agree that Ag has benefited from earlier Fed injections.. which is the ROOT CAUSE of HIGHER... land.. commodity prices... fertilizer prices... the cost of Kool-aid.. etc..

ASSUMING WHEN.. or IF.. the Knuckleheads come to their senses.. this ALSO could be reversed... aka see the mid 1980's...  We are currently in about 1980.. got maybe another couple of years to go...???  (or not??)  We also know about 1985... so we DON'T have to Repeat that... unless we are forced to...???

"Those who don't learn from history are doomed to repeat it..."

We've seen this movie before...