To be honest, with the world economies up to their necks in debt, unemployment at record highs (participation officially) interest rates already at or near 0, with growth also at about 0 - the fed are doing a pretty good job of keeping everything from crashing down.
I personally feel that the longer they hold back the crash, depression and new monetary system, the worse it will all be when it finally arrives. But I have to give it to them, they are holding everything up amazingly well right now, if you didn't read zerohedge or a few other alternative webistes, you could easily believe that everything is a-ok!
I agree. The fact that they're delaying the inevitable is only going to multiply the magnitude of the eventual crash.
They aren't holding anything up at all... all they're doing is injecting the same poison into the economy that caused this recession in the first place. It's like prescribing aspirin to some drug addict that's suffering the effects of some weekend cocaine binge, instead of removing the route cause of the issue: the cocaine.
All they're doing is masking the symptoms. They aren't treating the actual disease. In fact, through trying to suppress the symptoms they are FEEDING the disease.
But, we can all only speak as spectators.
Who knows, the fed just might actually have something up their sleeves to pull the economy out of the abyss. Until we're sure, the only thing we can do is execute hedging strategy and position ourselves to take advantage. If the economy fails, there are multiple ways to benefit from this... If the fed pulls another rabbit out of the hat and things start to move upwards, there are also multiple ways to benefit from that.
So, either way, interesting times are ahead