This Fed "Exit Strategy" Nonsense
It pissed me off so much I had to go whine about it over at WC Varones.
As our dear friend beebs pointed out in the comments, the only way out is to let the imaginary capital evaporate. After that, the real capital (whatever that is anymore) can evaporate. Then, and only then, do we have a chance at "recovery". As in KA-BOOM.
(Pssst, Fed boys, that means we've got to front you off as the fraud you are. Sorry about that, nothing personal, it's just that you totally blew it.)