 Death comes to us all. Life's but a walking shadow | Most of that money from QE went directly into the stock market and never got to where it was suppose to go, the consumer & general economy. In the meantime corporations accumulated large cash positions by not re-investing their profits. In fact some of the justification for the high stock prices is the cash the corporation hold. But now that QE has run its course there is nothing else behind it to keep it going or just keep it up, no real growth.
The Chinese are just trying to keep their own thing going by making their exports cheaper and our imports more expensive. They appear to be on the same treadmill as we are. |