Borrowing the Grandkids into Oblivion for the Sake of Corporate Profits
The U.S. employment ratio is at 1980 levels. And median wealth is at 1992 levels:
It took 231 years for U.S. debt to reach $8.8 trillion (2007). In just seven more years Federal debt doubled to $17.6 trillion (now)...
In Europe it's much the same thing
Euro Area growth was just downgraded to .8% even though the Euro Area deficit is -3%. Borrowing 3% of the economy to have a .8% "growth" rate.
In an honest world that would be called a recession:
In an honest world that would be called a recession:
Meanwhile, Euro Area Youth Unemployment rose by 10 percentage points since 2008 i.e. a 60% relative increase:
Euro Area debt grew 50% since 2008, even as youth unemployment increased by 60%:
Euro Area debt grew 50% since 2008, even as youth unemployment increased by 60%:
Now the OECD "urges" more action by the ECB.
Negative interest rates are not enough. We must go beyond charging people to save money. Spanish Ponzi bonds yielding 2% are not enough either:
Negative interest rates are not enough. We must go beyond charging people to save money. Spanish Ponzi bonds yielding 2% are not enough either:
All of the "stimulus" is bypassing the economy
There is no point in throwing good money after bad if it's clearly not going into jobs or the economy. It's going straight to the Cayman Islands:
Corporate Profits up 300% in 12 years
11% per year compounded annually
WHAT A FUCKING BUFFOON-O-RAMA
