Some of these nations continued to skirt in and out of the edge of recession throughout their years of economic stimulus; so, now they've powered their programs into hyperdrive to see if they can escape the gravity of their circumstances. Their situation appears desperate and hopeless.

Reality in the alternate universe of zero interest rates and quantitative easing

Immediately after the Fed's economic acceleration ended in the US, we've watched $3 trillion of paper wealth get sucked into a stock market collapse in less than one-and-half months, and that collapse appears to be accelerating to where the Fed is now talking about negative interest rates, too.