Monetary policy has limits. An ancient proverb perhaps explains. "Those whom the gods wish to destroy they first make mad." Perhaps they had central bankers in mind.
Money printing madness substitutes for stimulative growth policies. Coordinated central bank intervention repeats what hasn't worked before. Speculation follows. So do bubbles.
It bears repeating. They all burst. The bigger they are, the louder the pop.
Economies bereft of stimulus stumble. Conditions are worse now than earlier. Force-fed austerity assures decline. Living standard deteriorate. Societies aren't fit to live in. Bankers, war profiteers, other corporate favorites, and super-rich elites alone benefit.
The longer fiscal pain continues, the closer an ultimate day of reckoning approaches. It'll arrive disruptively. People take only so much before reacting.
Consumers can't make ends meet. Inflation-adjusted median household income is declining. Extremes in income dispersion usually foreshadow financial/economic/market trouble.
Global economies are weak. Deteriorating conditions are accelerating. Trouble assures more of it.
Consumer spending is slowing. So is business inventory accumulation. Small business confidence is falling. Operating revenue forecasts portend major slowing.