Ben’s Hands are Tied
The force of underlying deflation is waiting, waiting for something big to happen. Abenomics in Japan is just a little temporary respite. The Fed cannot stop QE infinity until inflation becomes rampant as their employment triggers are not possible.
Sadly, bubbles are only wiped out by clearing the landscape, not by creating more bubbles. Today when you watch Ben speak, just imagine that he has his hands tied behind him.