$SPY $SPX $DJIA $DIA historically, the yield on the 10Y Treasury was CPI + 2-3%. In 2008, The Fed went before Congress and lied to the American people - swearing under oath that they could drive rates to 0% & excessively print money to inflate asset bubbles via the 'wealth effect' - and then reverse the entire policy when the magic growth grew out of the printing press. Debt monetisation was denied up, down, left, right, and center. Now it is clear as day that they failed. Not only did they fail, they are quadrupling down on that failure and pursuing even more reckless policies that are collapsing the future of America to temporarily bail out failed businesses today. It's radically unconstitutional and un-American.
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