The big picture is that the financial world has allocated capital… trillions of dollars of capital, based on Central Banks trying to corner the bond market.
The two largest economies in the world are contracting. One is entering a currency Crisis (China). The other’s currency is part of a $9 trillion carry trade (the US Dollar).
More and more, the markets feel like they did in late 2007/ early 2008: when stocks held up based on hype and hope that Central Banks could put off another Crash.
If you spent $3.5 trillion and the best you can garner is a recovery that is weaker than the 2001 recession… maybe you’re not cut out for the job of “fixing” the economy.