There comes a point, called the "bang point", when confidence is lost and you get Weimar. It isn't that far off.
Sure, but the "bang point" is irrelevant as long as the rubes stay on the hook, which they appear to have been doing lately.
I guess one thing that figures into this is whether the Treasury and the Fed really believe that they can get a handle on this thing and turn it around, or whether they realize that there's no saving it and they're just interested in getting out of office before it hits the wall.
If they're honestly but incompetently trying to save it, there's no telling what they might do; but if they're just sucking it dry before leaping off, they'll be pretty predictable.
