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[nimblebear]

Not that the Fed would ever surreptiously print and send $16 trillion out of this country, but the last time we were in this similar juncture (2008) The US banks were used as the "excuse," and of course we only SAW numbers bandied about, around $1T to $2T. So if you do the math, on US bank exposure, the precipice that Italy, Spain, France, Portugal, and basically every country in the EU except Germany sit on, the odds seem high to me, those countries will get another clandestine rescue of about $8T to $10T this time. Residual "leakage" from that should result in a nice prop job to the SNP 500 of around 200 to 300 points higher. This time however, its doubtful we'll see any mention of QE, or QE lite, or bailout of any sort as we go into election year. The clowns on CNBC will just do their usual handi-capping, and tell all the sheeple the economy is recovering well (at Europe's expense or something silly), and all the complicit banks will be pouring their share of the spoils into ever more overpriced stocks here in the US. So come this time next year, we could be easily sitting around SPX of 1540. Its all sort of silly as we all know, that no bank ever needs to be bailed out. banks dont fail anymore. bankruptcy and insolvency and debt holders getting wiped is so 20th century. We are past that now. Just quaint old notions. (heavy sarcasm). They just get "absorbed" or co-opted by osmosis into the larger ponzi system. But the talking heads have to keep the facade up so noone will detect the trillions being printed and sloshed electronically across the ponds.