(Charts via the Atlanta Fed)
-RW
Sunday, June 15, 2014
The Recession is Over...
Not because the economy worked its way out of the Fed induced crash, but because the Fed re-started money printing that has resulted in another manipulated boom. And so although the employment picture shows that the recent recession is over, Fed manipulations are setting the seeds for the next crash.
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Looks like MMT is working
ReplyDeleteCentral banks shift into shares as low rates hit revenues
ReplyDeleteCentral banks around the world, including China’s, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public sector institutions.
“A cluster of central banking investors has become major players on world equity markets,” says a report to be published this week by the Official Monetary and Financial Institutions Forum (Omfif), a central bank research and advisory group. The trend “could potentially contribute to overheated asset prices”, it warns.
http://www.ft.com/cms/s/0/d9dfad02-f462-11e3-a143-00144feabdc0.html#ixzz34o0ZUYC5
and all you guys do is pick on the workers....but, but, but...what a farce.