{"id":1066,"date":"2014-11-03T20:11:35","date_gmt":"2014-11-04T01:11:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1066"},"modified":"2014-11-03T20:11:35","modified_gmt":"2014-11-04T01:11:35","slug":"signs-and-wonders-kunstler","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1066","title":{"rendered":"Signs and Wonders | KUNSTLER"},"content":{"rendered":"<p><a href=\"http:\/\/kunstler.com\/clusterfuck-nation\/signs-and-wonders\/\">Signs and Wonders | KUNSTLER<\/a>.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 1.2em 0px; border: 0px initial initial;\"><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">\u201c<\/span><em style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\">Holy smokes<\/em><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">,\u201d Janet Yellen must have barked last week when Japan stepped up to plug the liquidity hole left by the US Federal Reserve\u2019s final taper trot to the zero finish line of Quantitative Easing 3. The gallant samurai Haruhiko Kuroda of Japan\u2019s central bank announced that his grateful nation had accepted the gift of inflation from the generous American people, which will allow the island nation to fall on its\u00a0<\/span><em style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\">wakizashi<\/em><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">\u00a0and exit the dream-world of industrial modernity it has struggled through for a scant 200 years.<\/span><\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 1.2em 0px; border: 0px initial initial;\"><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">Money-printing turns out to be the grift that keeps on giving. The US stock markets retraced all their October jitter lines, and bonds plumped up nicely in anticipation of hot so-called \u201cmoney\u201d wending its digital way from other lands to American banks. Euroland, too, accepted some gift inflation as its currency weakened. The world seems to have forgotten for a long moment that all this was rather the opposite of what America\u2019s central bank has been purported to seek lo these several years of QE heroics \u2014 namely, a little domestic inflation of its own to simulate if not stimulate the holy grail of economic growth. Of course all that has gotten is the Potemkin stock market, a fragile, one-dimensional edifice concealing the post-industrial slum that the on-the-ground economy has become behind it.<\/span><\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 1.2em 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signs and Wonders | KUNSTLER. \u201cHoly smokes,\u201d Janet Yellen must have barked last week when Japan stepped up to plug the liquidity hole left by the US Federal Reserve\u2019s final taper trot to the zero finish line of Quantitative Easing 3. The gallant samurai Haruhiko Kuroda of Japan\u2019s central bank announced that his grateful nation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[449,451,473,661],"class_list":["post-1066","post","type-post","status-publish","format-standard","hentry","category-economics","tag-james-howard-kunstler","tag-janet-yellen","tag-kunstler","tag-qe"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1066"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1066\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}