I don't think they say it's an infinite bubble, but one that may continue much longer than non central bank driven bubbles.
I guess the hope is that real economy growth starts improving and QE can be tapered and prices auto correct over time, rather than a sudden pop in inflated asset prices and adverse effects to real economy from that.
Where the growth is supposed to come from (within next 5 years) I'm not sure, so the money creation might continue for quite a while.
Yes, definitely technological development. And there is a lot of poorly allocated of capital (non-productive asset bubbles, corruption, ineffiency etc) that could be put to better use. But I don't think that will change much in 5 years
I guess the hope is that real economy growth starts improving and QE can be tapered and prices auto correct over time, rather than a sudden pop in inflated asset prices and adverse effects to real economy from that.
Where the growth is supposed to come from (within next 5 years) I'm not sure, so the money creation might continue for quite a while.