{"id":49663,"date":"2019-11-16T15:32:21","date_gmt":"2019-11-16T20:32:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49663"},"modified":"2019-11-16T15:32:28","modified_gmt":"2019-11-16T20:32:28","slug":"the-free-money-bubble-is-about-to-burst","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49663","title":{"rendered":"The Free Money Bubble Is About To Burst"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/safehaven.com\/markets\/economy\/The-Free-Money-Bubble-Is-About-To-Burst.html\">The Free Money Bubble Is About To Burst<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d2t794khe5w43b.cloudfront.net\/article\/718x300\/a963c81a3440276c45778f647539f85b.jpg\" alt=\"Free Money Bubble\"\/><\/figure>\n\n\n\n<p>Recently, there has been a parade of central bankers along with their lackeys on Wall Street coming on the financial news networks and desperately trying to convince investors that there are no bubbles extant in the world today. Indeed, the Fed sees no economic or market imbalances anywhere that should give perma-bulls cause for concern. You can listen to Jerome Powell\u2019s upbeat assessment of the situation in his own words during the latest FOMC press conference&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=qHVp5-94wQQ\">here<\/a>. The Fed Chair did, however, manage to acknowledge that corporate debt levels are in fact a bit on the high side. But he added that \u201cwe have been monitoring it carefully and taken appropriate steps.\u201d By taking appropriate steps to reduce debt levels Powell must mean slashing interest rates and going back into QE. The problem with that strategy being that is exactly what caused the debt binge and overleveraged condition of corporations in the first place.<\/p>\n\n\n\n<p>Global central banks have abrogated the free market and are in the practice of repealing the business cycle and ensuring stocks are in a permanent bull market. Massive and unrelenting money printing is the \u201ctool\u201d that they use. The good old USA had its central bank cut rates to 0 percent by the end of 2008 to combat the Great Recession; and that paved the way for the EU to join the free-money parade by 2016. In fact, the Band of Japan had already been at the zero-bound range years before. This means much of the developed world has been giving money away gratis for the better part of a decade.<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Free Money Bubble Is About To Burst Recently, there has been a parade of central bankers along with their lackeys on Wall Street coming on the financial news networks and desperately trying to convince investors that there are no bubbles extant in the world today. Indeed, the Fed sees no economic or market imbalances [&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":[124,4512,18807,536,661,12609],"class_list":["post-49663","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-fomc","tag-michael-pento","tag-money","tag-qe","tag-safe-haven"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49663","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=49663"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49663\/revisions"}],"predecessor-version":[{"id":49664,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49663\/revisions\/49664"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}