Despite public rhetoric, bankism will grow in 2015 because the financial system is unstable and QE is not over. For solvency and reputational reasons, both central and private banks need, and will collaborate on, low rates for liquidity and to inflate asset prices. This will keep bond and stock prices propped up for the first half of 2015. In the US, QE has morphed from being handled by the Fed to being executed by big banks that will double their already growing US Treasury purchases in 2015.

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