It is very frustrating watching this develop here in the US. It's been going on yes for several years, there are a few business news sources that point this out every month ... but it seems the college educated journalists of most news organizations can't do anything more than parrot what officials give out, and don't have the depth of thinking ability to follow this simple problem when they interview someone who DOES explain it to them.

The blank looks on the faces of several of our supposedly top TV journalists when they've been told about this by an interviewee ... and the absolutely stupid follow-up questions they come up with ... near makes me cry.

Our administration and the "Fed" are working the rules so that everything DISCOURAGES individuals to save (interest in a bank account is around 1-2% if you are lucky) and ENCOURAGES those with massive cash kitties to buy over-the-market stocks and company bonds. It makes the stock market LOOK like things are good as stock prices stay high, but as no one's buying that much no one's selling that much ... and companies bank their "extra" cash rather than using it to invest in plants/new products/training/r&d as they can't sell much new stuff.

One does expect a nasty "correction" at some point.