for IWOG.. I'm not going to bother to "prove" squat to you as the past 3 years is all the proof I need.. where is your proof that the Fed is the "caboose" ? interest rates ? joke..
I will agree that QE has become less and less effective over the duration.. initially, it was the entire game, however... you suppose it is becoming less and less effective because of the broader economy is picking up steam and those 1 percenters have it all under control now.. I propose it’s because encouraging more and more debt / borrowing to stimulate an economy only works for so long regardless of what the 1 percent are doing.. the 1 percent don't consume the majority of goods and services... not even close.. the 99 percent do.. you seem to think the 1 percent can pick up the slack for the Fed... I don't agree and don't think anyone can pick up the slack of the 99 percent consumers if they are over leveraged, which is what the Fed has successfully encouraged..
KMO is right. QE was very effective in bringing rates down initially but eventually rates started creeping up again.