We aptly used our meme “ThanQE” because let’s be honest this is our reality and we have proven this reality with plenty of charts and data. If one merely looks at global central banks propensity to push more and more debt as more and more value, well then debt nominal value increase is exactly what you should expect and boy are we getting nominal increases. Who cares how far income inequality goes, who cares how civil society gets dismantled and ushered head straight over the cliff of Universal Basic Income as the only solution to the commoners ailments.
Anyway enough philosophy, lets just see the Russell2k today which is up over 2.25% presently and right on path toward our Fib. 0.618% target in the March futures at 2192:
Speaking of QE and nominal asset price increases, Zhedge posted this SOX chart today and wow, who would have known? With Taiwan Semiconductor Manufacturing (TSMC) about to spend $28 billion into capital spending this year why not? In fact the SOX is up over 70% in the …
