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“Global Supply Chain Crisis To Last Until 2023,” Says Middle East’s Largest Port Operator
“Global Supply Chain Crisis To Last Until 2023,” Says Middle East’s Largest Port Operator Global central bankers have been out and about continuing to promote a narrative that inflation is “transitory.” We’ve seen it from the likes of Powell, Lagarde, Bailey, and Kuroda. Logically, these monetary wonks are right, inflation caused by supply chain bottlenecks […]
Senior Fed Economist Slams Economics As “Arrant Nonsense”, Hints It Perpetuates “Criminally Oppressive, Unjust Social Order”
Senior Fed Economist Slams Economics As “Arrant Nonsense”, Hints It Perpetuates “Criminally Oppressive, Unjust Social Order” For some “inexplicable” reason central bankers usually wait until after they part ways with their employer before they tell the world all the dirt on their former employer (not that the world seems to care much or, for the […]
Fourth Turning Economics
Fourth Turning Economics “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses […]
Dear Central Bankers: Prepare to be Swept Away in the Next Wave of Populism
Dear Central Bankers: Prepare to be Swept Away in the Next Wave of Populism The political moment when the “losers” connect their discontent and decline with central bankers is approaching. The Ruling Elites’ Chattering Classes still haven’t absorbed the key lesson of the 2016 U.S. presidential election: the percentage of the populace that’s becoming wealthier and […]
Mad World
MAD WORLD And I find it kinda funny, I find it kinda sad The dreams in which I’m dying are the best I’ve ever had I find it hard to tell you, I find it hard to take When people run in circles it’s a very very Mad world, mad world The haunting Gary Jules […]
Beware Former Central Bankers Telling You to Work More
Beware Former Central Bankers Telling You to Work More I’m not the only one of course. The financial crisis of 2008/09 similarly shattered the worldview of tens, if not hundreds of millions of people across the globe. I believe that the old manner of doing things as far as organizing an economy and society died […]
Swan Song Of The Central Bankers, Part 5: The Flat Line Does Not Spell Recovery
Swan Song Of The Central Bankers, Part 5: The Flat Line Does Not Spell Recovery The punk January industrial production (IP) report brought another reminder that the Fed has stimulated nothing at all on the output/employment prong of its dual mandate. Indeed, as they celebrate a purported “mission accomplished” full employment recovery and confidently prepare to plow forward with an epochal pivot […]
Swan Song Of The Central Bankers, Part 4: The Folly Of 2.00% Inflation Targeting
Swan Song Of The Central Bankers, Part 4: The Folly Of 2.00% Inflation Targeting The dirty secret of Keynesian central banking is that under current circumstances its interventions have almost no impact on its famous dual mandate—-stable prices and full employment on main street. That’s because goods and services inflation is a melded consequence of global central […]
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected […]
Fed Up with the Fed
Fed Up with the Fed At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyoming, for the US Federal Reserve’s economic symposium. This year, the participants were greeted by a large group of mostly young people, including many African- and Hispanic Americans. The group was not […]
Alexis Tsipras—-Angel Of Mercy Or “Trusty” Of The Keynesian Central Bankers’ Debt Prison?
Alexis Tsipras—-Angel Of Mercy Or “Trusty” Of The Keynesian Central Bankers’ Debt Prison? Greece, Europe and the world are being crucified on a cross of Keynesian central banking. The latter’s two-decade long deluge of money printing and ZIRP has generated a fantastic worldwide financial bubble, and one which has accrued to just a tiny slice of mankind. That much is blindingly evident, but there’s more […]
QE Breeds Instability
QE Breeds Instability Central bankers have promised ad nauseum to keep rates low for long periods of time. And they have delivered. Their claim is that this helps the economy recover, but that is just a silly idea. What it does do is help create the illusion of a recovering economy. But that is mostly […]
Annaly’s CEO Accurately Compares Central Bankers to Witch Doctors; Possible “Blood-Letters”
Annaly’s CEO Accurately Compares Central Bankers to Witch Doctors; Possible “Blood-Letters” The story of bloodletting is intertwined in the mysterious fabric of medical lore; it originated from magic and religious ceremonies. The physician and priest were one and the same since disease was thought to be caused by supernatural causes. Witch doctors and sorcerers were […]