I agree with you 100%. All of the money printing that's been done internationally for literally the last 9 years has been mind boggling to say the least, so why haven't we seen major inflation pick-up yet?
Because as you said, it's gone into the bubble areas we're seeing now. Mainly the stock markets and real estate. The Haves, that still have good credit and can borrow money and the Have Nots, who are the Majority that have bad credit and are living paycheck to paycheck with no wage growth.
I have to agree with what Michael Pento pointed out that most of the money is still sitting in the banks because the majority of the population doesn't have good enough credit to borrow. They're overleveraged and can't borrow, so much of the money the Fed "hoped" would be utilized to stimulate growth hasn't been. I think they know what the problem is there's just nothing they can do to correct it until some sort of reset happens.
The rubber is going to meet the road now with this QT starting soon. That's going to present some big issues when the amounts they're attempting to sell get larger. My question was always who's going to buy what they're selling anyway? Who's wants to buy their crap?
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