{"id":5842,"date":"2015-02-19T06:55:52","date_gmt":"2015-02-19T11:55:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5842"},"modified":"2015-02-19T06:55:52","modified_gmt":"2015-02-19T11:55:52","slug":"how-many-more-saves-are-left-in-the-central-bank-bazookas","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5842","title":{"rendered":"How Many More \u201cSaves\u201d Are Left in the Central Bank Bazookas?"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.peakprosperity.com\/blog\/91747\/how-many-more-\u201csaves\u201d-left-central-bank-bazookas\" target=\"_blank\">How Many More \u201cSaves\u201d Are Left in the Central Bank Bazookas?<\/a><\/h3>\n<div class=\"article-lede\">\n<div class=\"field field-type-text field-field-lede\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><strong>Very few, it seems<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The master narrative of the global economy shifted six years ago from \u201cChina will push global growth for decades to come\u201d to \u201cthe central banks can push global growth for decades to come.\u201d<\/p>\n<p>Time after time we\u2019ve witnessed enfeebled global markets jolted out of terminal declines by central bank pronouncements and new money-printing policies. Never mind that the European Central Bank\u2019s (ECB) Mario Draghi had no concrete proposals in hand when he announced the ECB would \u201cdo whatever it takes\u201d to save the European Union from the financial consequences of its reckless abandonment of risk management; the mere announcement was enough to trigger a massive reversal in global markets.<\/p>\n<p>The major central banks have tag-teamed one rally in global stock and bond markets after another: the U.S. Federal Reserve goosed markets in 2008, 2009, 2010, 2011, 2012 and 2013, only ending its various quantitative easing (QE) money-emitting programs in late 2014.<\/p>\n<p>The ECB saved the day with Draghi\u2019s \u201cwhatever it takes\u201d PR gambit and more recently with its own QE money-printing program.<\/p>\n<p>The Bank of Japan (BOJ) injected monetary\u00a0<em>amphetamines<\/em>\u00a0into global markets with Abenomics, a last-ditch effort by the BoJ and the government of Japan to crush the value of the Japanese yen and import inflation.<\/p>\n<p>The People\u2019s Bank of China (China\u2019s central bank) has kept the credit spigot open wide for years, unleashing one of the greatest credit expansions in recent history.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Many More \u201cSaves\u201d Are Left in the Central Bank Bazookas? Very few, it seems The master narrative of the global economy shifted six years ago from \u201cChina will push global growth for decades to come\u201d to \u201cthe central banks can push global growth for decades to come.\u201d Time after time we\u2019ve witnessed enfeebled global [&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":[57,85,124,130,233,282,284,366,2615,661,662,3650],"class_list":["post-5842","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-boj","tag-central-banks","tag-china","tag-ecb","tag-european-central-bank","tag-european-union","tag-global-economy","tag-peoples-bank-of-china","tag-qe","tag-quantitative-easing","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5842","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=5842"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5842\/revisions"}],"predecessor-version":[{"id":5843,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5842\/revisions\/5843"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}