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The "Liquidity Glut" Springs Eternal: Global Central Bank Easing Quadruples In 2015

Tyler Durden's picture




 

Thanks to global disinflationary pressures driven by the savings glut, an oil glut, and universally high (peak) debt levels (crushing the transmission mechanisms of textbook economists), central planners have gone full ease-tard in 2015. From a 'balanced' 10 easing, 9 tightening bias (~1:1) in December, Morgan Stanley illustrates in the following chart there are now 16 central banks easing and only 4 with a tightening bias (4:1) as it appears the one-trick pony brigade are trying moar of what didn't work the first, second, and last times in an effort to prove this time is different...

 

Source: Morgan Stanley

With so many central planners piling up in the lower left corner... and global growth expectations crashing... when oh when does the world wake up to smoke and mirrors they have been witnessing and, as Marc Faber recently warned, lose faith in central bank omnipotence?

 

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Sun, 02/22/2015 - 16:16 | 5815710 cossack55
cossack55's picture

When announced on CNBS of course.

Sun, 02/22/2015 - 16:29 | 5815755 dimwitted economist
dimwitted economist's picture

they need to print MOAR!!!!!!!!!

Sun, 02/22/2015 - 17:02 | 5815869 TheRideNeverEnds
TheRideNeverEnds's picture

There is a song that represents Global Central Bank Policy. 

Sun, 02/22/2015 - 18:00 | 5816119 blindman
blindman's picture

wow, that one broke the bank.

Sun, 02/22/2015 - 18:50 | 5816334 OpTwoMistic
OpTwoMistic's picture

Got gold?

Sun, 02/22/2015 - 16:17 | 5815713 Village-idiot
Village-idiot's picture

ll this to try and offset the impending derivatives collapse.

(it won't work)

Sun, 02/22/2015 - 16:17 | 5815715 Thirst Mutilator
Thirst Mutilator's picture

So I guess this means that the WOPR has us on DEFCON 1

Sun, 02/22/2015 - 16:18 | 5815716 Squid-puppets a...
Squid-puppets a-go-go's picture

Stock markets dont need to lose faith in moeny printing. Ask the venezuelan or zimbabwe exchanges. To infinity and beyond.

Sun, 02/22/2015 - 16:23 | 5815734 Black Forest
Black Forest's picture

I'm missing the EU ... it's KEN, isn't it?

Sun, 02/22/2015 - 16:27 | 5815746 cossack55
cossack55's picture

No.....I think it is either Zim or ISIL

Sun, 02/22/2015 - 16:26 | 5815745 Sir SpeaksALot
Sir SpeaksALot's picture

it only looks like a failing policy if you re still convinced they are trying to do good and improve economy.

It gets clearer if you change your assupmtion, and just acknowledge - central banks are inflating big bubbles to crush the EConOmy and get the One Bank World Order going.

Sun, 02/22/2015 - 16:41 | 5815795 JenkinsLane
JenkinsLane's picture

The beatings will continue until morale improves.

 

 

Sun, 02/22/2015 - 16:43 | 5815809 Hope Copy
Hope Copy's picture

Well, well the chart is fatally flawed.  When UKR is before RUS you know something is wrong.

Sun, 02/22/2015 - 16:43 | 5815811 Hope Copy
Hope Copy's picture

Well, well the chart is fatally flawed.  When UKR is before RUS you know something is wrong.

Sun, 02/22/2015 - 17:11 | 5815910 scuttlebutt
scuttlebutt's picture

Correction. The system is fatally flawed.

Sun, 02/22/2015 - 17:27 | 5815985 Batman11
Batman11's picture

The bankers have been busy pushing their only product, loans/debt.

The loans are spent and the repayments are due.

 

Sun, 02/22/2015 - 18:41 | 5816288 NoPension
NoPension's picture

Actually, right now, you can't get them to loan. Juice ain't worth the squeeze, I suppose. They know.

Sun, 02/22/2015 - 22:08 | 5816874 Goldilocks
Goldilocks's picture

Technotronic - Pump up the Jam (12" Extended Version)
http://www.youtube.com/watch?v=8GkG0DrMIvQ (7:12)

Young MC "Bust A Move"
http://www.youtube.com/watch?v=tZQQGX24Teg (4:27)

Tone loc - funky cold medina
http://www.youtube.com/watch?v=63ZIf2H9S0E (4:18)

Sun, 02/22/2015 - 22:21 | 5816909 explosivo
explosivo's picture

That's a strange way to measure the currency supply. How much currency is there?

Mon, 02/23/2015 - 01:01 | 5817415 tonyhollow
tonyhollow's picture

+10 for ease-tard!

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