{"id":11252,"date":"2015-08-20T07:49:25","date_gmt":"2015-08-20T12:49:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11252"},"modified":"2015-08-20T07:49:25","modified_gmt":"2015-08-20T12:49:25","slug":"can-kickers-united-why-its-getting-downright-hazardous-out-there","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11252","title":{"rendered":"Can Kickers United\u2014\u2013Why It\u2019s Getting Downright Hazardous Out There"},"content":{"rendered":"

Can Kickers United\u2014\u2013Why It\u2019s Getting Downright Hazardous Out There<\/a><\/h3>\n

It\u2019s getting downright\u00a0hazardous out there, and not just because the robo-machines were slamming the \u201csell\u201d key today. The real danger\u00a0comes from\u00a0the\u00a0loose assemblage of\u00a0official institutions\u00a0which claim to be running the world.<\/p>\n

They\u00a0might better\u00a0be referred to as \u201ccan kickers united.\u201d It\u00a0is now blindly obvious that they have\u00a0lapsed into empty\u00a0ritualism, contrivance and double-talk in the face of a global economy and financial system that is becoming more unstable and incendiary by the day.<\/p>\n

Who in their right mind would pile $95 billion of new debt on the busted\u00a0remnants of Greece?\u00a0Likewise,\u00a0how can\u00a0Japan\u00a0possibly consider enacting still another round of fiscal stimulus when it already has one quadrillion\u00a0yen of debt?\u00a0And what geniuses are trying to fix\u00a0the bankrupt finances of China\u2019s local governments by swapping\u00a0trillions of\u00a0crushing bank loans for equivalent\u00a0mountains of new municipal bonds?<\/p>\n

Turning to the\u00a0the home front it is more of the same. By what rational calculus can it be said, as the Fed did in its meeting minutes, that 80 months of free money has not quite yet done the job?\u00a0 And that is exactly what these mountebanks had to say:<\/p>\n

The Committee concluded that, although it had seen further progress, the economic conditions warranting an increase in the target range for the federal funds rate had not yet been met.<\/strong><\/em>Members generally agreed that additional information on the outlook would be necessary before deciding to implement an increase in the target range.<\/p><\/blockquote>\n

Say again!\u00a0 We are now 74 months\u00a0into a so-called \u201crecovery\u201d cycle that is well longer than the post-war average, yet the Fed is still manning the emergency\u00a0fire hoses:<\/p>\n

\"Historical<\/a><\/p>\n

Even its own research department at the St. Louis Fed has just confessed that the whole rigmarole of QE and ZIRP has had no favorable impact on the main street\u00a0economy.\u00a0<\/span><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Can Kickers United\u2014\u2013Why It\u2019s Getting Downright Hazardous Out There It\u2019s getting downright\u00a0hazardous out there, and not just because the robo-machines were slamming the \u201csell\u201d key today. The real danger\u00a0comes from\u00a0the\u00a0loose assemblage of\u00a0official institutions\u00a0which claim to be running the world. They\u00a0might better\u00a0be referred to as \u201ccan kickers united.\u201d It\u00a0is now blindly obvious that they have\u00a0lapsed into […]<\/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":[1361,130,5979,2120,195,200,303,305,1167,452,670],"class_list":["post-11252","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bankruptcy","tag-china","tag-contracorner","tag-david-stockman","tag-debt","tag-default","tag-fed","tag-federal-reserve","tag-greece","tag-japan","tag-recovery"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11252","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=11252"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11252\/revisions"}],"predecessor-version":[{"id":11253,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11252\/revisions\/11253"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}