The phrase “point of no return” sounds ominous. And indeed it is. Among today’s financial analysts there are those speculating about just how much more money the U.S. Federal Reserve can create by digital keystrokes in order to buy the U.S. Treasury Bonds no one else in the world wants to buy before oil exporters of the Middle East and manufactured goods exporters of eastern Asia will refuse to accept U.S. dollars in payment for their stuff.
Truly the governors of the Fed are between a rock and a hard place…
