Like they always say, "Don't fight the Fed," at least in terms of pushing against the unlimited money free-for-all spigots of the world. The triple-bank threat of the BOJ, Fed and ECB unwinding their assets is going to create a tsunami of pain for anyone foolish enough to have done things as dumb as invest in leveraged B-rated corporate debt (can't believe that's a thing). Hold onto your hats because the ride to unwind is going to be a wild one.

Everyone knew this was coming, but the tipping point is the only safe exit point, and the rush to find safe harbors to shield investors from the incoming waves of destruction means all of those investments that were once out at sea enjoying calm weather and good, steady catches will try to sell their fish at fire-sale prices before the perfect storm hits.

What goes up must always come down, and anyone riding clouds ever-higher built on nothing but promises of gaseous hot air and fumes is going to realize that none of the money spent went towards a solid foundation for our future. More debt is not the answer and was never the cure, debt is the shackle the master will attempt to control future generations with.

At least in Japan they are relatively economically equal on a per-person basis, their GINI isn't too high and many Japanese have sizable cushions they can use in downturns. The same can't be said of the US where inequality is higher and most are just a paycheck away from bankruptcy or homelessness.

Thanks for writing the article up for those who aren't up to date on the central bank situation. The madness was always meant to maximize the gulf that stands between the haves and the have-nots, the debtors and the lenders. Ordinary citizens surely haven't benefited from the price floors banks have placed under assets that people can't even afford.