In a post highlighting the current and cumulative significance of the Federal Reserve Chairman Ben Bernanke’s “quantitative easing” efforts:
What Bernanke implicitly, and in one week explicitly, has announced is that it now takes $85 billion in monthly Flow injection from the Fed just to keep the market from collapsing.
Thus, as ZH stated, “Hence (there will be) no unwind.”
The Fed’s artificial prop-up of the stock market has gone into frightening overdrive. Not coincidentally, it has also propped up the U.S. government headed by Barack Obama, largely protecting his administration from the awful consequences of its fiscal recklessness — so far.
It can’t last. The longer it does, the worse the crash will be.