They are doing what just a few years ago most people said they would not or could not. We are supposed to be all recovered by now and all the QE being reversed and taken back out of the system. I even thought that was a possibility at the time but always kept open the realization that we might be where we are now.

Thing of it is, as things progress people get desensitized to the "new normal". It is now "normal" to create vast amounts of new money to pay bills that are unsustainable.

Like the two guys falling off the top of a 40 story building and the pessimist screams "we are going to die!!!!" and the optimist as they pass the tenth floor says "so far so good".

Some would call me a pessimist. I prefer to think of it as practical reality.

John