Now the rate(R) is 1.75, suppose D=S,
1.when R not changed, P is up, means, D is up, S should increase, in order to keep the balance;
2.when P decreased, R not changed, D is down, S should also down, if S keeps up, that means the Equity price may have bubble;
3.when R is down, but P increased, D is up, S should be cut, if S keeps up, that also means it will got the same result as 2.
.... And so on, that's only my analysis, maybe it is wrong.
The difficulty is that the said "Balance" is not fixed, it is hard to judge. Meanwhile, when the uses the rate to control the . That will also lead to break the balance sometimes.
They continues to buy till Apr. It's now moving in an expanding wedge and likely in wave w~z structure.
Short term tp hit perfectly
Compare of the two significant oil price race in history,
In 1970's the price race was cutting the capacity to higher the price, and at that time US was suffering the stagflation.
However this time it is increasing the capacity to lower the price, and now there's potential a great depression caused by the debt deflation.
High Debt with high unemployment, but low inflation and zero rate...
Let's see how's the inflation rate to be announced
on Apr.10. Will it be under 2.0?