RE: Love U24 Apr 2019 20:04
John, as u know boom/bust cycles are created by CBs, it's a wealth transfer effect. Always behind the curve in raising rates to kill easy money/overheating situations.
The Fed in 08 managed 5.25 percent in 0.25 increases, not nearly bigger enough - the hammer too small for the nut.
To date the Fed could only manage 2.50% without markets falling apart. ECB can't raise rates without implosion, they just like to think they can, stopping the bond buying was bad enough, making Draghi look a complete incompetent tit.
But what's new. CBankers are all the same. The next big wealth robbery is around the corner, and most people think they're the dogs bhollocks - YRCMTSU.
The only tool they have left is NIRP +CTRl+P. Soon you'll be paying banks to hold your money, and what you do manage to keep will demish in value, which would lead to mattresses and banning cash.
The globalist elites are smart cookies.