What seems clear is that expanding bank credit through quantitative easing policies of funneling trillions of dollars into banks isn't working. (businessinsider.com)
Both the European Central Bank starting in 2014 and the Bank of Japan starting in early 2016 pursued the policy on top of their earlier and continuing quantitative easing policies. (en.wikipedia.org)
I'm a believer in your methodology David, but you neglect to factor in, if it even could be, the effect of the Federal Reserve's EXTRAORDINARY Quantitative Easing policy on the stock price of Walmart during the years referred to in your write - up. (newconstructs.com)