It is Sunday night and if you follow things economic then you know there are some serious issues going on right now.
I could write about all the moving parts for hours, but let my sum it up so that we can skip the long stories.
Ever since the subprime debacle and subsequent financial crisis there is a belief held firmly by central banks and others that there is a temporary miss-pricing of assets. Mortgage pools are not worth zero, just worth zero for a small window of time. This goes on and on to Italian bonds not really needing to be sold at over 10% yield to a suddenly falling stock market. It's all temporary.
Temporary has lasted for years now.
Freshly printed money and a never ending stream of liquidity is required to keep the temporary price of numerous assets "higher than they otherwise would be". As soon as the real market price come back to where it "should" this can all stop.
When do you think that will be?
Have a good night.