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Clearly Europe Has A Crushing Deflation Problem... Oh Wait
When Mario Draghi set off on his latest quest to slay Europe's deflation monster, after an endless array of failed alphabet soup programs to inject money into stock markets mysteriously failed to fix Europe's insolvent economy riddled by record unemployment and trillions in non-performing loans, he clearly was guided by this latest Eurobarometer survey of Public Opinion in the European Union, in which virtually everyone across the board admitted that the most important issue facing the common folk in Europe is plunging prices and crushing deflation.
Oh wait... it says rising prices/inflation.
Well, that's embarrassing. Please ignore everything we just said, because paradoxically to "fix" Europe, Mario Draghi is desperately trying to make Europe's biggest problem even worse. Or not: surely this is just a case when the 6 members of the ECB's executive board "know better" than some 330 million Europeans.
At the end of the day, none of that matters: all Draghi is doing is trying to make the super wealthy holders of capital even richer, and push global stock markets to unprecedented records even if it means crushing Europe's middle class into extinction, the same way Bernanke "succeeded' with America's now defunct middle class.
And for those who care, here is who is most impacted by Mario Draghi's "phantom deflation."
Source: Standard Eurobarometer 81, h/t @RudyHavenstein
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Channelling the Rothschilds: Need more WAR, to kill off the excess eaters.
We are all Japanese now.
Terrorism shouldn't even be on the fucking survey. It's obviously a non-issue for the majority of people. Replace it with Ebola or Infectious Diseases.
Or Russia /s
In BI-flationary terms, Europe and Japan are doing well !
US following along down the same path, just a few steps behind.
Rising prices amid collapsing economiea
"We had to destroy Europe to save it."
Russia is on the "the to-do list"
Long Horsemeat!!!
RIPS
There's wild mustang in the discounts section!!
I'm more of a wild hog fan but my dog likes the horsemeat.
fine ..."destroy the euro to save. Europe." What's a little debauchery between friends?
Back in the day when horses were work animals nobody had a problem with eating them though they did tend to be tough and chewy. Now everybody thinks they are frigging pets and "cute" etc. Personally as a country boy there are several horses I'd of been glad to eat, especially the one that kicked me when I was 12.
If you get a chance, I recommend making hamburgers with a half-and-half split between ground horse meat and ground pork. Delicious.
I ust treat it like bbq and into the smoker for a few hours...
Americans should really look to this chart and notice the last colum.
Terrorisme, everywhere between ZERO or 1% with a 1% ronding error.
And that's a fact.
Actually, it's just the same as in America but you've got the army now patrolling your streets and your rule of law is nearing martial law.
'Murkans used to be brave, now they're sissies hiding under the bed. It's pathetic.
When it comes to Enola...err, Ebola...yes I will run and hide.
I stopped at the sporting goods store today. Decided to look for some more optics to make the long-range rifle shoot tighter and also wanted to take a look at some more practical concealable handguns than the ones I have. The counter was lined with people and the guns were moving out the door (AR-15's were the popular ones). So, I gave up on getting service there and moved to the ammunition area. People were grabbing 1000 round cans of mostly .223 and heading for the register. These may be sissies but they are very well equipped sissies.
The problem is motivating them to work together in teams and doing the training needed to be a force to be reckoned with. I have worked with these groups in the past and they can be very effective. They are the guys that I want on my side when the SHTF or the Feds finally decide to suppress their "domestic" terrorists. It is just that most people don't have the attention span and motivation to commit a weekend every month for training when they don't see a clear threat (not everyone reads ZeroHedge!). Hopefully, they will pull together when the threat does become clear to them. I think that those threats are going to slap them along side the head soon.
having a good, long, hard look at this chart is in any case a good idea
note, for example, that WORRIES about "rising costs" in an environment of stagnating wages isn't the the same as "rising prices"
context matters
this chart, for example, is about the 28-strong EU (eurozone is 18-strong)
Note the Briton's biggest worry. They have the BoE's British Pound
They should use the American trick of shrinking food container sizes. It hides inflation like nothing else.
Elsewhere: Ben Affleck's warped Islamoapologism too much for Bill Maher, mayhem ensues http://tinyurl.com/p6779pb
everything is already smaller here
except our dicks
Exactly! You can find them at Wall/Broad and K-Street!
Greece 10Y 6.476 6.391 6.514 6.335 +0.086 +1.33% 03/10
Iceland 10Y 6.787 6.787 6.806 6.787 -0.019 -0.28% 1:00:03
Greek bonds have a lower yield than Iceland! Yes, the restructured Iceland that actually jailed some banksters. lmfao.
Italy 10Y 2.312 2.312 2.359 2.306 0.000 0.00% 17:12:32
France 10Y 1.265 1.270 1.301 1.262 -0.005 -0.39% 17:19:58
Portugal 10Y 3.047 3.062 3.078 3.027 -0.015 -0.49% 17:19:43
Spain 10Y 2.103 2.136 2.151 2.089 -0.033 -1.54% 03/10
This shit is beyond laughable. The European bond market looks like a giant "shit filled balloon" ready to explode.
That'll teach those fuckers what happens if you run an accountable system!
I swear Al... It's like I wake up every morning, and I'm living my life in Sephia tones.
I've seen this shitshow over and over... It's like an earthquake that increases in magnitudes of (10) everytime the "big one" hits.
My biggest challenge is that everything so rigidly follows the script I keep thinking 'it can't possibly be this easy to see what's going to happen next', but these fucking guys have so few scripts, its just same old same old, day after day, week after week.
None are so blind as those who WILL NOT see. If they close their eyes tight enough it magically goes away.
There's definitely some "rhyme to your reasoning" Al... You're not alone in your observations of this .gov preskool administration.
It's so easy, even a Caveman can do it... I think there's some other agendas at play, but I'm not going to be a conspiracy theorist.
Aren't you long yen? I mean WTF? Have been annihilated or what?
So on RT this afternoon Keiser interviewed John Perkins - Confessions of an Economic Hitman - (former CIA)
and the exact question you speak to was asked - why is the pattern always the same and the people in the USA dont get it
Omen, simple, they don't want to. Busy you know with all these distractions.
Probably the same for the other nation-states of Goldman Sachs; like Austrailia and Canada. I think the NWO is going to go for the endgame. They are getting very close to the final chapter of using financial terrorism to control the world. The squid has devoured all of the assets in its domain and has begun to devour its own tenticles. Time to test the transporter and make a trial run back to q99x2.
Don't worry Europe, as soon as the weather gets a little colder you can go right ahead and provoke your silly little conflict with Russia and stimulate your economies as per Rothschild directives. The US eagerly awaits your orders for armaments and munitions. We do advise getting a head start on your credit applications at Societe Generale, HSBC Holdings, and Deutche Bank though.
TPTB are doing their best to move opinion away from reality (the left side) towards fantasy (the right side).
Stuff the commoners need for day-to-day living doesn't count when you're talking about inflation. I think if I recall correctly 'those prices are too volatile to give a good indication' of inflation. Check the banks' balance sheets, I bet their mark-to-fantasy balance sheets are showing deflationary cracks. Look at the European equity indexes, and the price of oil (and gold) - oh, and of course the mighty US dollar. Look familiar at all? Maybe 2008-ish?
No deflation? No global warming? I've been saving all this time to buy a beach front house in Arizona for $2k, for nothing?
The Fed as well as the ECB absolutely need and want inflation. Period. They know that there are only two avenues to get out of this mess (i.e., excessive debt against GDP and earnings/income). Inflation and deflation. They can either attempt to inflate their way out of the debt to GDP ratios to return to more managable norms or experience full scale deflation which will appropriately reset debt levels to much more managable and much lower levels (but at a huge cost). The use of QE and ZIRP/NIRP is only buying time until one of these two final outcomes is realized.
A couple of years ago, I thought inflation was going to win the battle but today, I have swung to the deflation outcome. The reasons are simple and based in two key facts. Debt as in there is simply too much public, private, and personal debt to be repaid against available income which is simply too low to service the debt (think personal earnings levels, governments that constantly run deficits, etc.). The only way the debt is currently being serviced is by secondary repayment sources stepping in to cover defacto defaults (e.g., CBs buying soverign debt) and through the use of zero real interest rates.
My three keys to watching this mess unfold are simple. First is the Yen/Japan which may finally be realizing it's "Come to Jesus Moment". On top of a currency which is losing value quickly, the Japan economy is really in terrible shape from a demographic and competitive standpoint. The fact that Sony, one of Japan's best/biggest brands, can't compete on a global scale anymore and is getting smoked by Apple and Samsung should be a red flag. Second is CAT/COM as in Caterpillar and commodities. Both are under pressure as CAT is invested heavily in the hard commodities industry and commodities in general are deflating (base metals, grains, PMs, oil/energy, etc.). Third is the VIX and other volitity measures. As the Fed finalizes its QE exit, the markets will most likely experience some real heartburn/gas pains.
My guess is the current rise in the USD is causing the Fed some real concern as not only will US products be more expensive on a global basis (thus impacting demand) but in addition, US earnings from large mult-nationals will be negatively impacted and most importantly, the strenghtening USD will result in "deflationary" pressures to take hold (and not inflation). Absolutely not what the Fed wants.
In the short run, I see a continued trend in the increase of the value of the USD, not as a result of fundamentals but rather as a result of being the only drunken sailor that hasn't passed out yet. Needless to say, this will be painful for PM investors in the near future so it is going to be very important to show a good deal of patience and dicipline when purchasing Gold and Silver over the coming months, acquirer on the major dips and deal with continued pressure as everyone ends up on the same side of the trade (i.e., in the USD). However, trading PMs in dying currencies may offer opportunities.
But remember in the end one key thought. Excessive inflation will simply cost the CBs their jobs. Deflation will cost them their jobs and lives (as social unrest explodes with the great debt reset). The CBs are not going to go down without one hell of a fight.
I am very much in the same camp with you. Also, I think we are starting to see the process speed up and seems to me the direction is impossible to change at this point
A most excellent assessment - I have also switched to expecting a deflationary outcome over the last couple of years. The complete uncorrelation between the velocities of wage inflation and debt/money supply inflation shows deflation. No one's gonna be walking around with trillion dollar notes to buy bread in America anytime soon.
Ain't no deflation problem in da USA dude.
"Cheaper the energy gets the greater the demand for it." Hence "the dollar going through the roof." Definitely want to be selling any and all debt instruments over ten years here. Duration risk is off the charts when the. USA's entire healthcare system is about to be taken out by the biggest disease outbreak in world history.
Please post more often
BIG Gold Star
Deflation ALWAYS been in US cards
QE/ZIRP disinflationary
Deflationary when asset bubbles burst
I am in the deflation camp as well
The CBs have been fighting deflation for 6 years now, and are just treading water. I too think there will be a deflationary crash at some point, although I have no idea what will trigger it. The CBs won't go down without a fight here, but I doubt they can win without the fiscal side of the house (Congress and Preznit) on the same page.
Pandemics are also deflationary, if in fact we have one.
But after the deflation crash, there is likely to be massive inflation. You can't have a big deflationary crash without triggering the conditions for world war (we are almost there already !!), and the imperative of survival will cause the major powers to spend whatever it takes to win WW III. There will probably be severe price controls during the war, but at the very least there will be reflation combined with financial repression, and a massive inflation or a new monetary system after the war is over.
Flu pandemics...yes. "Kill the elderly instantly." Not an Ebola Outbreak. That kills actual healthcare providers and the entire real estate/medical complex....there is no "vulnerable population" as the healthy and vigorous are in fact the most at risk. I laughed at the rally in airline stocks yesterday actually. "Ground Zero will be Manhattan" and I would avoid that place at all costs right now.
"The CBs have been fighting deflation for 6 years now"
ALL CB's? really? The article is about the ECB, isn't it? Even though the stats are EU-wide
explain to me the year-long continued *shrinkage* of the ECB's balance sheet. "fighting deflation"? Seriously?
Inflation or deflation alone would be easy situations for the central bankers to deal with. Their musty textbooks written in simpler times never envisioned a world where Both deflation and inflation could co-exist. I've been predicting biflationary spirals here on ZH since 2010. It's a brave new wolrd where the old rules of economics don't apply
"biflationary spirals "
^^^THIS^^^
We are suffering through a massive bout of fractal mathmatics instability.
Pressuring one part of the math equation by introducing repeated drastic expressions of input cannot stabilize a bifurcation.
The fools are trying to stabilize a system that they themselves driven into a mathmatically defined region of instability by excessively unbalanced inputs by increasing the frequency and degreee of the excessively unbalanced inputs.
The system will re-establish equilibria and return to previous levels of stability after the results are accepted instead of fought.
The equation has an outcome. TPTB have repeatedly run the equation while raising key deterministic imputs at each iteration.
Now TPTB have reached a state of diequilibria which cannot be controlled and decided that they don't like the result.
But, this cannot be undone. You can't uncrash.
The system will re-establish equilibria and return to previous levels of stability after the results are accepted instead of fought.
What cannot mathmatically be repaid will NOT be repaid.
The system cannot expand infinitely.
Jubilee is the bifucation.
Jubilee isn't a social construct. It is math. The system cannot expand infinitely.
!?&!? - So many words, so little said.
Why not simply bigger helicopters? Why would they accept a loss against deflation when they can still print? And they can always still print, when given the alternative for their Financial Masters.
Christ,
I've been telling everyone deflation for over a year now. And yes, I also called for a strong US dollar. You still have to pay your bills, your taxes in US fiat crap. THANK YOU.
For all of you that bitch about rising prices of food, gas, etc. The fact is, with over $17 trillion printed, those prices should be at least triple what you are bitching about. It isn't because of deflation. And with QE ending, watch margins get squeezed, unemployment to soar and prices to go down to bare minimum until that business goes out of business (causing more unemployment).
Study the 1930s. Commodities go down including PMs. And yes I said PMs will go down. Interestingly, it is mining stocks that held up well which is where I will be looking to place some of my fiat crap.
We are not experiencing deflation, those that argue for deflation have been totally and utterly lobotomised of their ability to look at reality. What is deflation?
"A general decline in prices, often caused by a reduction in the supply of money or credit. Deflation can be caused also by a decrease in government, personal or investment spending."
What prices have dropped? What governments have reduced spending? Credit has been restricted only to the degree that it cannot be paid back due to past obligations, the credit merely goes elsewhere, it does not stop. The credit bubble grows and grows, and grows, at this point if it stops the system simply collapses. The credit is being issued, but it is being issued into fewer channels but in larger amounts.
What we are experiencing is debt accumulation reaching its critical capacity, some might want to call this deflation but it is not. Prices of commodities fluctuate as always, but look at the charts of any commodity over more than a 10 year span and it is plain to see that prices are not dropping, they are rising dramatically. People may be fooled by a 1 or 2 year dip in the upward trend, but the trend is writ in stone, diminishing resources, more people, more competition, more war, assures higher prices far into the future. Water will cost more, energy will cost more, food will cost more, why? Because of pollution, soil degradation, resource depletion, fishery collapse, war reconstruction, and higher bids by those right near the credit faucet. If you think things are going to get cheaper I have some tungsten filled bars to sell you.
I think the critical faculties of the once intelligent European are in a deflationary recession - with what glasses are you 'deflationists' all looking at the world? Do you pay your higher taxes? Your higher medical bills? Your higher gasoline and heating costs? Do you shop for groceries? Or pay for education? What world do you live in where you are experiencing deflation, please do tell. Is it because the western consumer has less money to spend that we hear screams of deflation? No need! The Chinese, Vietnamese, Indonesians, Indians, Russians and many others will pick up the slack I assure you, deflation is non existent except in the minds of the intellectually challenged.
Is America in recession? Well which America are we talking about? I'm not in recession. I know many people that are, but also share experiences with others who are making more than they ever have, so who's in recession? It's not a simple black and white scenario. I don't look at the gasoline prices when I fill up, I just fill up, but many go to the gas station that will save them a few cents like it makes a difference after they spend their money on lottos and cigarettes.
Another canard, the 'strong USD', are you friggin kidding me? Look at a 20 year chart of the US dollar index (a basket case of basket cases) and tell me the dollar is strong, whoever argues that the USD is strong and deflation is real are seriously challenged in the most important faculties. So you're a trader? Fine bet on the USD for a few months....
Its inflation or collapse, its all rather elementary. Money created as debt must continuously grow or it will collapse, I can teach kindergarten kids this principle but grown men and women, another story altogether.
Finally, a voice of reason in the sea of deflation-meme bullshit. Thanks.
Hey Urban,
From my understanding, the argument for deflation (not now, but later) is supported by the huge amounts of public and private debt which are not expected to be repaid. It is this eventual non-payment which is deflationary (hasn't happened yet, but is the main reason why Greece non-payment of debt is such an issue).
Inidividuals, gov't, and businesses in the system all have balance sheets. They record how much income/sales/taxes they expect to receive in the future. A considerable amount of this income is based on service of this debt, some of which, is, again, not expected to be repaid.
When it is NOT repaid, those balance sheet values for 'assets' - used to calculate the cost of services, cost of products, etc. - evaporate. "Money" (estimated future income recorded on balance sheets) essentially evaporates. THAT is deflationary; fewer dollars chasing the same amount of goods.
However, these individuals and organizations borrow money with the assumption that it will be paid. When a business fails, that business also fails to pay their debts (banks), their taxes (gov'ts), and their employees (individuals). In a sufficiently bad scenario, this payment failure spreads like a virus, and causes widespread deflation.
The credit collapse you are talking about is not deflation, its collapse. They will print and print and print until it breaks, then food shortages and energy shortages will drive prices higher, while countries that switched to hard asset backed currencies will buy everything up. By deflation we are talking about cheaper prices, and that is not going to happen....
Basic postal stamp Will rise 15% in France 1 january 2015
No inflation here ?
Um, I moved to email and paying bills online. No inflation there.
Some people actually mail goods (I know, I know, it is hard to believe), and yes rates go up every 6 months now.
Sorry, Tylers, but as far as I'm concerned this survey is total bullshit. As far as Belgium is concerned, there is NO inflation for the time being. I do go shopping , you know. And trust me, I'd be the first to scream about it if this were the case.
I'd take this survey not with a grain of salt, but with a 20 kilogram sack of salt.
Define "the time being" HD.
The Belgians who own a holiday home across the road tell me a different story...as do the others I socialise with who have moved to our peaceful quiet crime-free hamlet in rural Spain lock stock (although the main complaint from all of them appears to be that their Belgium is turning into a multicultural shithole - same as the UK).
Here's a good benchmark: How's your electricity/gas bill compared with 5 years ago HD? 30% higher? 40%? (Notwithstanding the fact gas is set to rocket in mainland EU if the US carries on fucking around with Russia).
See Jack Burton's excellent observations below. It isn't just the UK - its Europe wide. And it is going to get a whole lot worse.
No rise in the cost of goods in Belgium? Are we talking about Belgium in the European Union or that city on a planet orbiting Betelguse?
Sure, you see this in the UK! Trying to bailout investors and cure bad loans by increasing borrowing and money printing. Deflation? Tell that to people with Water Bills, GAS Bills, Filling up their Cars, buying Food, paying insurance premiums, and the real kicker Buying a House [at super inflated manipulated super high house prices caused by government manipulation, interst rate rigging and money printing].
Contraction is a policy makers worst dream. I cannot wait for interest rates to rise.
Mrs Atomizer was reading the local Myrtle Beach Rag this morning. She pointed out that Ben Bernanke can't get a mortgage. I laughed, told her it's a planted story to renew subprime housing lending and place another nail in Basel III Accord objective.
She started snickering.
The story was that Ben Bernanke couldn't refinance. That doesn't mean he couldn't get a mortgage. It could be just that he was unwilling to bring money to the table if his mansion is deep underwater.
Throwing money into a fire pit isn't working as far as bailing out EU countries with limited inflows to mask balanced books.
Three or four years ago everyone was talking about currency wars. The Joe LaDouche Bags and Gartmans swept it under the rug, and laughed.
We're in a full fledged global currency war right now. There can be only one, when this printing shitshow ends.
I'm not sure if it will be Japan or Europe, but my guess is that they're both pretty good candidates for destruction. Neither has large reserves of natural resources, or quality collateral to back their "race to debase". Demand is also down in both trading blocks.
I envision Europe as more of a "Free Trade Zone" than a "Union" after this debacle ends.
I envision Japan as a giant crater filled with three headed reptiles.
In a few days, everyone will find out JPMORGAN hacked themselves on banking exposure to trusting depositors.
"In a few days, everyone will find out JPMORGAN hacked themselves on banking exposure to trusting depositors. "
I have personally discovered that very type of inside job which you are describing; and even better, it was done at TWO different and unaffiliated institutions. In the case of which I speak it was a major telecom and a major credit card.
The information and protocols were shared both amongst the conspirators for direct enrichment, and sold as a tidy package to internatonal criminals.
For some inane reason people don't want to believe that the bureaucrats/managers running a corporation or a government agency don't use their access to loot it.
Control Fraud is actually rampant inside the corporations and the .GOV agencies.
Throxx, this story we hear about this hacking effecting all of our banks is a prelude to waking up some Sat morning and walla, bank holiday. No money coming outof any bank and of course itwill be those pesky Russians or China. This has been reported now for around a year and a half and at the least, they are telling us what's coming
yep ... race to bottom
but being the (main) reserve currency means running in shackles.
Inflation will get worse for them
conversely, they are exporting deflation to US
$1.25 to the euro. $1.35 a few months ago.
if euro to survive
$1 = 1euro
People sometimes forget that the Euro started below $0.90. A complete retracement of its rise would not be all that unusual.
"$1.25 to the euro. $1.35 a few months ago.
if the euro to survive
$1 = 1euro "
IMHO, this is a ridiculous assertion.
The sort of one-time linear fx correction/devaluation or whatever will not in any way correct even one of the many trade/consumption/policy imbalances and divergences that have exacerbated the problems associated with a flawed, misguided and largly contrived/faked currency and trade union; -and thus cannot even begin to solve the problems within that largly contrived/faked currency and trade union, let alone the further problems associated with the trade and currency implications of members of said flawed currency/trade union vis-a-vis the rest of the world beyond.
The problem with the Euro is not the value of the Euro as contrasted with any other currency or basket of currencies.
There are EU wide internal inadequacies, instabilities, inequalities, a spectrum of divergent policies and agenda, etc.
Too strong a Euro will exacerbate all manner of festering damage in various industries/sectors/regions of the EU and too weak a Euro will exacerbate different elsewhere.
There is no 'Goldilocks' fx cross fix that can reapir this misguided mismanaged mistaken rube-goldberg EURO contraption and/or salve/solve the corruption that invented and fostered it and which is fighting to protect it for the wealth extraction orgy it has provided to it's evil benefactors..
actually, i agree with you
but my assertion is not ridiculous. It IS the only way euro will survive, but think better off in long run if countries went on way. Germany will have to accept a lower euro (might, if they can assert MUCH greater fiscal control on other countries). As it stands now, germany is 'vendor financing' much of exports to periphery. If euro breaks up, a lot of this export disappears. Frankly, germany screwed in either case.
OT
CDC Officials to Meet Newark Plane Carrying Sick Passenger: Authorities
&
CDC officials have removed passengers from a plane that landed in Newark Saturday afternoon following a possible Ebola scare.
United flight 998 from Brussels landed at Newark Airport and has been met by Centers for Disease Control officials based in Newark after passengers on board, believed to be from Liberia, exhibited possible signs of Ebola. The passenger was displaying flu-like symptoms.
The flight was scheduled to land around noon.
Officials with the CDC removed two passengers from the plane. A man had been traveling with his daughter and both were removed by a CDC crew in full HAZMAT gear.
The airline issued a statement confirming that crew needed to assist an ill customer. "Upon arrival at Newark Airport from Brussels, medical professionals instructed that customers and crew of United flight 988 remain on board until they could assist an ill customer. We are working with authorities and will accommodate our customers as quickly as we can," said a statement from the airline."
Other passengers remained aboard but were eventually allowed to deplane around 2 p.m.
http://7online.com/health/cdc-investigating-possible-ebola-scare-on-newark-flight-/336774/
we're getting to the point - literally - where the WH will need "Baghdad Bob" as spokesman for er, containment
Umm, wouldn't it make more sense to keep the passenger from boarding in the first place?
Who is Mario Draghi? I can't get past the awful surname.
He's ex-Goldman Sachs - ergo he's a cunt. All you need to know really.
He a breakfast cereal bowl called Count Dracula. As he sucks your neck for wealth, the cereal crispy stops popping and your left with a bowl of rat turds complemented with milk.
LOL, "awful surname". It's a very old family surname
Anyway, he was Berlusconi's candidate, and Sarkozy was convinced to support him. Yet don't forget that even Tyler writes that this fascination with central banker's is an...American one
In general, Europeans are aware that it's the national governors of the national banks that do the voting, in the ECB. Draghi is a spokeman first, and a policy maker a distant, shared second
Potentially market moving:
Cat 3 (125 mph wind) typhoon heading right for southern Japan and to make landfall within 36 hours...Center to pass over Tokyo as a Cat 1
http://www.accuweather.com/en/weather-news/tokyo-japan-typhoon-phanfone/...
Problem for the F1 GP?
Potentially market moving:
Cat 3 (125 mph wind) typhoon heading right for southern Japan and to make landfall within 36 hours...Center to pass over Tokyo as a Cat 1
http://www.accuweather.com/en/weather-news/tokyo-japan-typhoon-phanfone/...
Geoengineering And The Collapse Of Earth 2014 - THIS MUST BE SHARED!
http://www.youtube.com/watch?v=c34U0Pwz4_c (1:17:19)
It's bullshit. DONT WATCH IT!
You cannot possibly expect inflation while destroying the middle class. The poor sure as hell won't create it, and the elite, well there just isn't enough of them to accomplish it.
Yes we can! The current economic environment, a result of monetary policy since the 1980s, has created rising cost of living, working and doing business amid collapsing incomes, employment and advancemt opportunities, capacity utilization and savings
" The poor sure as hell won't create it, and the elite, well there just isn't enough of them to accomplish it. "
Inflation is a monetary phenomena.
In the context of a credit based monetary system this would imply that inflation is in fact a leverage/debt phenomena.
Prices are only an expression/ symption of inflation.
As the system becomes more leveraged those with access to cheap or ZIRP credit go into debt and buy at any price for any possible yield above the cost of that cheap or ZIRP debt.
Prices don't matter at all to people that can borrow at ZERO and pocket whatever they can grab in retruns ...so any and all assets with any hint of yield or even the mere promise of a future yield are bid up...
...Those rising prices are the classic expression/symption of inflation.
http://www.financialsense.com/contributors/karl-denninger/2012/01/11/the...
"during this entire period, from 1980 forward until the crash, we did not have one three month period where economic growth occurred at a faster gross dollar amount than did new debt."
On first table QA5q: Are the Swedes completely off their rocker?
draghi's doing what he's paid to do from the BIS.
while there's still 28 countries in the eu. get more debt, and make countries that have an economy left responsible for the ones that don't.
same as it is for americans, it's called full faith, and credit clause, (noose), for americas debt, i'm sure there's a clause in the eu. contract that states the same.
ECB President Mario Draghi's last move towards more QE is no more than stupidity on steroids, even words like misdirected and boneheaded do it a disservice. This is more proof that the Euro-zone is in big trouble, both the union and the flawed currency is again begging to crumble.
One is forced to wonder if Japan and the Yen will crash first considering how each day Japan slides closer to the economic abyss or whether the Euro will lead the way into the wastebasket. Draghi has helped the countries of Europe kick the can down the road but this only delays the failure on the Euro. More on how the Euro-zone has failed to make any real reforms in the article below.
http://brucewilds.blogspot.com/2014/09/euro-zone-and-draghi-both-mired-i...
hey draghi and yellen! i positioned myself for your policies so you better deliver. bring on the bernanke choppers. another few trillion is needed by your own admission.
people have never worried much about anything other than money, health and the means to get as much of both as possible(education and jobs). the local political issues are manufactured to detract from the real issues so .gov is not held responsible. the geopolitical issues are manufactured for empire building.
the candidates who will win the next election will be the ones with economic plans instead of disaster plans.
What the central banks fear is deflation for any assets that its customers (big banks) hold - such as real estate, and any bubble territory bonds, stocks or commodities. Banks do not want to hold mortgages on a house that is worth 20% less than the amount of the mortgage. Central banks could care less about consumer prices - and in fact WANT those prices to rise so that mortgage holders can pay their loans and keep home prices inflated.
Agreed. Central banks are concerned about "asset" price deflation, not "consumer" price deflation. The former being largely funded by debt, the latter being funded by earnings. So their scaremongering about "deflation" is to protect debtors, which of course includes government, banks, leveraged speculators and others living above their means. All being paid for by consumers and savers.
Chart 1: According to the numbers only 6% of Brits are concerned about "immigration" and only 1% about "terrorism". This is very different information to what we are fed daily by MSM. The huge difference can only mean one of two things. Either:
(1) the survey is wrong and does truly reflect genuine concerns out there OR
(2) the huge ramp up of public debate and apparent concern of both these issues - led by MSM, political slimeballs and countless pressure groups - is not reflected across society, is therefore completely manufactured and simply reflects their own agendas, political or otherwise.
The British Home Secretay's (Theresa May) and PM David Cameron's obsession with introducing ever more anti-liberty laws to counter severe terror threats and their similar obsession with introducing ever more anti-foreigner laws to control/reduce immigration come to mind.
The jury's out.
(2) obviously
the reason it's not reflected is not because it's manufactured but because the propaganda is just not working. public opinion has always been manufactured. the deflation meme is not sticking because one can't ignore the realty when paying the bills etc even though central bankers and policy makers propagate the opposite via the mouthpiece media. the media has always been nothing but a tool to instigate fear to the populace to guide the public opinion according to the orders.
when the economy would be peachy, people would have the terrorism or other bullshit as main issues because they are THAT gullible. elites have to turn up the propaganda even more to surmount the everyday reality or why not a little false flag, preferably a financial one as that domain is the most rotten.