Wednesday, March 11, 2015

Global Wreckovery: Spiralling Down The Liquidity Trap

24 "surprise" interest rate cuts in 2015


Global Dow: 15 Months to Nowhere
Blue line is the break-even level for 2015 and 2014, since the global market was flat for all of 2014.


Don't tell the lamestream Idiocracy, but normally interest rates go up six years into a recovery, not down. 

Unfortunately, Monetary policy can't fix a problem that Monetary policy created i.e. too much debt. Quite the opposite, the (deflationary) pressures caused by unaffordable debt burdens are only growing stronger with each passing day.

It's crack cocaine to cure drug addiction.